Tags: Cision, Eurasia, France Telecom, Russia, Swedish Financial Instrument Trading Act, TeliaSonera, TeliaSonera Press Office, Turkey

TeliaSonera (Nasdaq:TLSN) (STO:TLSN) (HEX:TLS1V)(LSE:TEE) confirms that the company’s Board of Directors have received a non-binding, indicative offer by France Telecom regarding a potential acquisition of TeliaSonera AB (publ).

The Board of Directors have engaged professional advisors to assist in its review and assessment of TeliaSonera and have unanimously decided not to support the indicative offer as it substantially undervalues the company.

“TeliaSonera is a strong business with excellent growth prospects in its own right. The Board and management are focused on developing the company to its full potential, driving strong and sustainable earnings growth and maximising value for all shareholders. The indicative price of SEK 56.225 per share significantly undervalues this potential,” says Tom von Weymarn Chairman of the Board of TeliaSonera. TeliaSonera will make no further comment until there are substantial new developments in the situation necessitating further announcement.

TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 9.00 CET on June 5 2008.

Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.

TeliaSonera provides telecommunication services in the Nordic and Baltic countries, in Spain and the emerging markets of Eurasia, including Russia and Turkey. We are the leading European provider of quality cross-border voice, IP and capacity services, provided through our wholly-owned international carrier network. In 2007, TeliaSonera’s net sales amounted to SEK 96 billion, and at the end of December 2007 the total number of subscriptions exceeded 114 million in 18 countries. The TeliaSonera share is listed on the Stockholm Stock Exchange and the Helsinki Stock Exchange, and the company is included in the Dow Jones Sustainability Index. Simplicity and service are important tools for us in creating profitable growth and value for our customers and shareholders. Read more at www.teliasonera.com

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Contacts

The TeliaSonera Press Office,
+46-(0)8-713 58 30