Tele2 to Provide Vattenfall Group with Connectivity Solutions Across Europe

Regulatory News:

Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2 B) today announced that Tele2 M2M Global Solutions will provide connectivity solutions to the Vattenfall Group, all its subsidiaries and ultimately their customers’ applications across Europe.

Vattenfall is one of Europe's largest generators of electricity and the largest producer of heat. Their main products are electricity, heat and gas.

The contract with Tele2 enables the Vattenfall Group to centralize all its M2M/IoT connectivity solutions through one Mobile Network Operator for the entire European market. Thereby achieving cost optimizations, scalability as well as increased simplicity of deployment.

Rami Avidan, Head of Tele2 M2M Global Solutions, comments: "The Vattenfall Group is one of the larger European players within the field of energy and utilities. We are extremely delighted that the Vattenfall Group has chosen Tele2 as the supplier for their connectivity across Europe. This contract is another proof point that Tele2’s global M2M offering is highly competitive and attractive on the market.”

Tele2 M2M Global Solutions will provide the Vattenfall Group with seamless connectivity and connectivity management solutions across Europe, to support existing operations within energy and utilities as well as future expansion.

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 14 million customers in 10 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 (STO:TEL2B) (STO:TEL2A) has been listed on the NASDAQ OMX Stockholm since 1996. In 2013, we had net sales of SEK 30 billion and reported an operating profit (EBITDA) of SEK 6 billion.

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