Document:

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                                                                    EXHIBIT 10.2

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      CERTAIN PORTIONS OF THIS AGREEMENT, FOR WHICH CONFIDENTIAL TREATMENT
       HAS BEEN REQUESTED, HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE
         SECURITIES AND EXCHANGE COMMISSION. SECTIONS OF THE AGREEMENT
       WHERE PORTIONS HAVE BEEN OMITTED HAVE BEEN IDENTIFIED IN THE TEXT.

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                                                                      APPENDIX A

                              SHAREHOLDER AGREEMENT

The following Shareholder Agreement has been entered into on 15 March 2001
between

(1)      Telia AB (publ), company registration number 556103-4249, hereinafter
         referred to as Telia, and Telia Mobile AB, company registration number
         556025-7932, hereinafter referred to as Mobile, of the one part,

         and

(2)      NetCom AB (publ), company registration number 556410-8917, hereinafter
         referred to as NetCom, AB Grundstenen 91576, company registration
         number 556606-7988, hereinafter referred to as Natbolaget Holding AB,
         and Tele2 AB, company registration number 556267-5164, hereinafter
         referred to as Tele2, of the other part.

1.       BACKGROUND

1.1      Tele2 holds all of the shares (bar one) in Tele2 Sweden SA, a company
whose registered office is in Luxembourg. Tele2 Sweden SA holds all of the
shares in Licensbolaget Holding AB, which, in turn, holds all of the shares in
the Licence Company. Tele2 Sweden SA also holds all of the shares in Natbolaget
Holding AB, which, in turn, holds all of the shares in the Network Company.
Tele2 will, in accordance with a separate agreement appended to the Framework
Agreement, transfer its Licence to the Licence Company, after which the Licence
Company will, in accordance with the Cooperation Agreement appended to the
Framework Agreement, grant to the Network Company the use of the rights under
the Licence in return for which the Network Company will meet the obligations
under the Licence. The transfer of the Licence to the Licence Company is
conditional upon the approval of PTS. The Parties agree that the Network Company
is to build and operate a UMTS network in Sweden and that the Parties are to
contribute thereto as set out in greater detail in this Shareholder Agreement,
which is appended to the Framework Agreement.

1.2      An initial new issue of the Network Company's shares is to be carried
out so that, following such an issue, both Tele2 (through Natbolaget Holding AB)
and Telia (through Mobile) each hold 50% of the shares in the Network Company.
In accordance with the Transfer Agreement appended to the Framework Agreement,
Tele2 is to ensure, at the request of Telia, that all of the shares in the
Licence Company are transferred to the Network Company.

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1.3      Telia (through Mobile) and Tele2 (through Natbolaget Holding AB) agree
that they are to participate as shareholders in the Network Company for the
purposes of, and on the terms and conditions set out in, this Shareholder
Agreement. Telia and Tele2 further agree that they will regulate the way in
which the Network Company is to carry on its business in accordance with the
provisions thereon set out in this Shareholder Agreement.

1.4      The Network Company and Licence Company will work together, in
accordance with the Cooperation Agreement appended to the Framework Agreement,
to grant Mobile and Tele2 use of the Network's infrastructure and capacity.

1.5      Notwithstanding their cooperation through the Network Company in
respect of the building and operation of the Network, the Parties will continue
to compete freely as operators and in other respects.

2.       DEFINITIONS

2.1      The following definitions are used in this Shareholder Agreement in
addition to the definitions set out in the Framework Agreement:

Agreements:                             The Shareholder Agreement and the Other
                                        Agreements

Appendices:                             The appendices to this Shareholder
                                        Agreement

Base Network:                           The UMTS network that Tele2 has
                                        undertaken to build under the Licence
                                        and which the Partners have undertaken
                                        to build in accordance with the Business
                                        Plan, and which includes buildings,
                                        towers/masts, radio links, cables,
                                        fibres, contacts and so on for the
                                        functionality of the requisite equipment

Business Plan:                          The business plan, financing plan and
                                        technical plan for the Network Company
                                        as set out in Appendix 1

Capacity Provision Agreements:          The agreements under which the Network
                                        Company agrees with the relevant Party
                                        on the Provision of Capacity

Credit Agreements:                      The agreements on credit which the
                                        Network Company is to enter into in
                                        order to finance the Implementation of
                                        the Base Network

Equity-related Instruments:             Shares, convertible debentures,
                                        debentures with attached warrants,
                                        participating debentures and other such
                                        instruments issued by the Network
                                        Company

Framework Agreement:                    The framework agreement that the Parties
                                        are entering into at the same time as
                                        this Shareholder Agreement

Implementation:                         The network planning and building of the
                                        Base Network or the Network in general

Licence Company:                        AB Grundstenen 91586, company
                                        registration number 556606-7772

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Licence:                                The UMTS licence granted to Tele2 and
                                        the Terms and Conditions of the Licence
                                        in respect of Tele2's licence

Licensbolaget Holding AB:               AB Grundstenen 91587, company
                                        registration number 556606-7764

Natbolaget Holding AS:                  AB Grundstenen 91576, company
                                        registration number 556606-7798

Network Company:                        AB Grundstenen 91575, company
                                        registration number 556606-7796

Network:                                The Base Network and extensions thereto

Other Agreements:                       The agreements set out in section 4 of
                                        the Framework Agreement

Parties:                                Telia and Mobile of the one part and
                                        NetCom and Tele2 of the other part

Provision of Capacity:                  The provision of capacity in the Network

PTS:                                    The Swedish National Post and Telecom
                                        Agency

Shareholder Agreement:                  This Shareholder Agreement

Subsidiaries:                           Companies that are controlled through
                                        direct or indirect ownership that
                                        results in more than 50% of the voting
                                        rights in the company in question

Terms and Conditions of the Licence:    The licence terms and conditions that
                                        PTS will announce in respect of the
                                        Licence

UMTS:                                   Universal Mobile Telecommunication
                                        System

3.       APPENDICES

3.1      This Shareholder Agreement has the following Appendices:

Business Plan, Appendix 1

Rules of procedure, Appendix 2

Memorandum and articles of association, Appendix 3

General meeting minutes and board meeting minutes, Appendices 4 and 5

Guarantees, Appendix 6

4.       SHARE OWNERSHIP

Tele2 holds all 1000 shares in the Network Company, each with a par value of SEK
100. Each share carries one vote and all shares carry equal rights.

Immediately upon signing this Shareholder Agreement, Tele2 is to ensure that an
extraordinary general meeting of the Network Company is held in accordance with
Appendix 4, at which a resolution is to be passed on an initial new issue of
1000 shares, each with a par value of SEK 100, which are to be subscribed for a
total of SEK 100,000.

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The shares are to be subscribed for in accordance with Appendix 4 so that,
following the new issue, the Parties each hold 50% of the shares in the Network
Company.

The Parties have undertaken to pay additional capital into the Network Company
as set in section 9.3 below. In accordance with the Business Plan, each Party is
to pay in a total of SEK 500,000,000. This amount is to be paid into the Network
Company by means of one or more new issues. These are to be carried out and paid
for by the following dates: SEK 250,000,000 per Party by June 30, 2001 and SEK
250,000,000 per Party by December 31, 2001. The Parties are each to subscribe
and pay for half of the newly issued shares in these new issues. Unless required
otherwise in accordance with the Credit Agreements, 90 percent of the amount
paid for the shares is to be allocated to the share premium account, with the
result that the Network Company will have share capital of SEK 100,000,000 at
the end of 2001.

Tele2 is to submit guarantees in respect of the Network Company as set out in
Appendix 6.

Tele2 is responsible for ensuring that Network Holding AB fulfils its
obligations as a shareholder in the Network Company in accordance with this
Shareholder Agreement. For as long as Mobile is a subsidiary of Telia, Telia is
responsible for ensuring that Mobile fulfils its obligations as a shareholder in
the Network Company in accordance with this Shareholder Agreement.

5.   THE COMPANY'S OPERATIONS

5.1      The Network Company is to be responsible for the Implementation,
operation and maintenance of the Network and for the provision of capacity in
the Network to Tele2 and Mobile. The Network Company is not to undertake any
marketing or sales work. The Parties further agree that they will develop the
Base Network as set out in section 20 below. The Network Company's business is
to be carried on on commercial terms and in accordance with the Business Plan.

6.       THE BUSINESS PLAN

6.1      The Business Plan is to be binding on the Network Company's operations
and is to guide the work of the company's various governing bodies. The
technical plan included in the Business Plan is to be implemented unless agreed
otherwise by the Parties.

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6.2      The Business Plan is to apply until the Parties have agreed otherwise.
The Parties intend to review the Business Plan regularly.

7.       MEMORANDUM AND ARTICLES OF ASSOCIATION ETC.

7.1      The Network Company is to have its head office in Stockholm.

7.2      The Network Company's name is, if possible, to be Svenska UMTS-nat AB
or, where this is not possible, any other name that the Parties can agree on.

7.3      The Parties agree on the memorandum and articles of association for the
Network Company set out in Appendix 3 to this Shareholder Agreement.

8.       THE SHAREHOLDER AGREEMENT ETC.

8.1      The Parties agree that the Framework Agreement and this Shareholder
Agreement are to take precedence over the memorandum and articles of association
in the event of any discrepancies between these documents.

8.2      The Parties undertake to vote at general meetings of the Network
Company in accordance with the provisions set out in the Framework Agreement and
this Shareholder Agreement.

8.3      Each Party undertakes to ensure that members of the board and their
deputies nominated by that Party vote in accordance with the provisions set out
in this Shareholder Agreement and the Framework Agreement.

9.       CAPITAL, LOANS AND GUARANTEES

9.1      The initial new issue and any subsequent issues of shares in the
Network Company (or shareholder contributions) in accordance with the Business
Plan are to be split equally between the Parties in accordance with the Business
Plan and are to take place further to the request of the board or, where the
members of the board are not in agreement, further to the request of either
Party.

9.2      The Network Company is to finance all investments relating to the
Implementation of the Base Network with both its own capital and loan capital.

9.3      The Parties are obliged to pay capital into the Network Company in
equal proportions in accordance with the limits set out in the Business Plan and
up to a total of SEK 500 million each.

9.4      In addition, the Parties are obliged to issue guarantees in proportion
to their shareholding in the Network Company for the Network Company's loans in
accordance with the limits set out in the Business Plan in respect of the
development of the Base Network.

9.5      In the event of a new issue of shares in the Network Company, the
Parties are entitled to subscribe for shares in proportion to their shareholding
in the Network Company, provided that section 8.4 (iii) of the Framework
Agreement does not come into play in respect of subscription for the shares in
the Network Company.

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10.      DIVIDENDS, COVERING OF LOSSES ETC.

10.1     The Parties agree that in principle the Network Company is, as far as
is possible and within the confines of good accounting practice, to carry
forward any operating loss and defer the depreciation on the investment in the
Base Network. The principles for operating loss carry-forwards and depreciation
periods are set out in greater detail in the Business Plan.

10.2     The Network Company's long-term target is to generate a return on
capital invested in the company equivalent to that of the risk-free interest
rate [CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND HAS BEEN FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION].

10.3     The Network Company's policy is to be to pay dividends to the Parties
where possible while meeting the Network Company's need to strengthen its
balance sheet and observing the principle of prudence.

11.      BOARD OF DIRECTORS

11.1     At the extraordinary general meeting of the Network Company to be held
in accordance with Appendix 4 in connection with the signing of this Shareholder
Agreement, the Parties are to elect a board of directors, managing director,
deputy managing director and auditors in accordance with this Shareholder
Agreement and the aforementioned appendix.

11.2     The general meeting is to elect six board members and six deputies to
the Network Company's board of directors. Each deputy is to represent one of the
Party's representatives personally. The Parties are to be entitled to nominate
three board members each, plus three deputies for these board members. The board
members nominated in this way are to be elected by the general meeting.

11.3     The Parties agree that the Network Company's managing director and
deputy managing director are not to sit on the Network Company's board of
directors.

11.4     The board of directors is quorate if at least four board members
elected by the general meeting are present at a board meeting, at least two of
whom must have been nominated by each Party.

11.5     For board resolutions to be valid, [CONFIDENTIAL INFORMATION HAS BEEN
OMITTED AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION] must be agreed on the resolution.

11.6     A chairman of the board and deputy chairman of the board are to be
appointed for the board of directors. These positions are to rotate every two
years between the board members nominated by the Parties. For the first two-year
period, Mobile is to appoint the board member to be elected as chairman of the
board, and Tele2 the board member to be elected as deputy chairman of the board.
[CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND HAS BEEN FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION].

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11.7     The rules for calling a board meeting are set out in the rules of
procedure for the Network Company's board of directors, which are attached as
Appendix 2 to this Shareholder Agreement.

11.8     In the event that employee representatives are elected to the board of
-directors, the Parties are to ensure that the balance of power between the
Parties as set out in this Shareholder Agreement is not changed in respect of
resolutions passed by the board of directors.

12.      COMPANY SIGNATORIES

12.1     The board of directors is to determine the Network Company's company
signatory arrangements. In addition, two of the board members together, one
nominated by each of the Parties, may sign on behalf of the company.

13.      MANAGING DIRECTOR

13.1     The Network Company is to have a managing director and a deputy
managing director appointed by the board of directors. For the first two-year
period, the board of directors is to appoint a person nominated by Tele2 as
managing director and a person nominated by Mobile as deputy managing director.
Tele2 has nominated Henrik Ringmar as managing director for the aforementioned
period. Mobile will nominate a deputy managing director for the aforementioned
period shortly. The right to nominate people for these posts is thereafter to
rotate every two years, so that a person nominated by Mobile is appointed as
managing director and a person nominated by Tele2 is appointed as deputy
managing director for the second two-year period and so on. The board is to
produce a set of guidelines and instructions for the managing director. The
managing director may not sit on the board, nor may he be a member of either of
the Parties' company management.

13.2     The managing director or deputy managing director is to be replaced
where so requested by three of the board members elected by the general meeting.
A new managing director or deputy managing director for the remainder of that
specific two-year period is then to be appointed by the Party which, in
accordance with section 13.1 above, is entitled to nominate the post-holder in
question for the period in question.

13.3     The Network Company is to have a skilled workforce of [CONFIDENTIAL
INFORMATION HAS BEEN OMITTED AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION] people employed by the company. The board of directors
is to determine the composition of the workforce.

13.4     The board of directors is to lay down the terms of employment for the
following key employees at the Network Company: the managing director, deputy
managing director and any other people considered to be key employees by the
board of directors.

14.      AUDITORS

14.1     The Parties are each to nominate one auditor (or firm of auditors) plus
an audit deputy. These are to be elected by the Network Company's general
meeting.

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15.      GENERAL MEETING

15.1     The Network Company's general meeting is to be quorate only if both
Parties are present.

15.2     Unless agreed otherwise in the Framework Agreement and this Shareholder
Agreement, resolutions at the Network Company's general meeting require both
Parties to be agreed on the resolution if it is to be valid.

15.3     The chairman of the Network Company's general meeting is the chairman
of the board or, in his absence, the deputy chairman of the board. The chairman
of the board does not have a casting vote.

15.4     General meetings of the Network Company are to be called in accordance
with the Swedish Companies Act and the company's memorandum and articles of
association.

16.      DECISIONS ON IMPORTANT ISSUES

16.1     Decisions on all important issues relating to the Network Company are
to be made by the board of directors or by the Network Company's general
meeting.

16.2     Matters that must always be decided on by the Parties at a general
meeting of the Network Company include:

*Decisions on amendments and supplements to the memorandum and articles of
association

*Decisions on Equity-related Instruments

*Decisions on changes in the Network Company's share capital (increases or
decreases), irrespective of whether they relate to cash or non-cash transactions

*Decisions on liquidation, mergers or equivalent in respect of the Network
Company

*Decisions on dividends

*Decisions to set up subsidiaries, joint ventures or branches

16.3     Those matters that must always be decided by the board of directors,
unless they are decided upon by the general meeting, are set out in section 6.2
of the board of directors' rules of procedure, Appendix 2.

17.      DISAGREEMENT

17.1     In the event of failure to achieve the unanimity needed for the board
of directors or general meeting to pass a resolution, the matter is to be
dropped or postponed.

18.      TRANSFER OF SHARES

18.1     The Parties are not to be entitled to dispose of, transfer or assign
their shares in the Network Company, wholly or in part, including a transfer by
means of a sale or dividend, or in

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any other way use the shares in a manner that can result in a transfer
(hereinafter referred to as the Transfer), unless the Transfer complies with the
terms and conditions set out here in section 18. The Parties are not entitled to
transfer their voting rights in respect of shares in the Network Company to a
third party. The Parties are to be entitled to pledge their shares as security,
on the condition that a proviso is made for the terms and conditions set out
here in section 18 and the pre-emption rights set out in the Company's
memorandum and articles of association.

18.2     Notwithstanding the provisions set out elsewhere here in section 18,
each Party is to be entitled to transfer freely all of its shares in the Network
Company to Telia or NetCom or to one of these companies' Subsidiaries, provided
that the acquiring company and the transferring Party irrevocably and
unconditionally guarantee in writing that the acquiring company will fulfil the
obligations set out in the Framework Agreement, this Shareholder Agreement and
the Other Agreements, and that the acquiring company will enter into the
aforementioned agreements as a Party, and that the transferring Party undertakes
in writing to the other Party to buy back the shares transferred and re-enter
into these agreements as a party in the event of the acquiring company ceasing
to be a Subsidiary. Such a Transfer takes effect between the Parties once the
transferring Party has provided the other Party with written documentation in
accordance with this provision.

In the event of such a Transfer being made to a Subsidiary in accordance with
the provisions set out here in section 18.2, neither section 18.4 nor the
pre-emption rights set out in the company's memorandum and articles of
association are to apply.

18.3     Neither Party is to be entitled to sell its shares in the Network
Company to a third party before that Party has paid capital into the Network
Company in accordance with section 8.4(a) of the Framework Agreement and
provided guarantees in accordance with section 8.4(c) of the Framework
Agreement. However, each Party is to be entitled to sell its shares in the
Network Company to a third party after December 31, 2003, provided that it
complies with the provisions set out here in section 18.

18.4     Should one Party (hereinafter referred to as the Offeree) have received
a written offer from a third party (the Offeror) in respect of all of the
Offeree's shares in the Network Company, the Offeree is entitled, providing that
the provisions set out in section 18.3 above are observed, to sell all of its
shares in the Network Company, subject to the fulfilment of all of the following
terms and conditions:

(a)      The offer is to specify that the offer relates to all of the Offeree's
         shares in the Network Company.

(b)      The offer is to specify both a fixed price per share and that the
         purchase price is to be paid in cash no later than 90 days after
         acceptance of the offer in return for receipt of the share certificates
         relating to the transferred shares assigned in blank.

(c)      The Offeror is to undertake in the offer to enter into this Shareholder
         Agreement in the place of the Party in question if and when the
         acquisition takes place, and to take on all of

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         the Offeree's obligations in accordance with the Framework Agreement
         and this Shareholder Agreement.

(d)      Within ten days of receiving the offer, the Offeree is to inform the
         other Party of who the Offeror is and, at the same time, to submit a
         true copy of the written offer to the other Party, which is to be
         entitled, within 45 days of receipt of the true copy of the offer
         (hereinafter referred to as the Redemption Period), to redeem the
         Offeree's shares in the Network Company on the terms and conditions set
         out in the offer. No later than 15 days after receipt of a true copy of
         the offer from the Offeree, the other Party is to notify the Offeree in
         writing of whether it intends to redeem the shares or not. In the event
         that the other Party fails to notify the Offeree in writing within the
         aforementioned period that it intends to redeem the shares, that Party
         is to be considered to have renounced its right to redeem the shares in
         question.

(e)      Where the Offeree has observed the provisions set out above and the
         other Party has renounced its right to redeem the shares in question or
         has failed to complete the redemption process and make full payment for
         the shares before the expiry of the Redemption Period, the Offeree is
         to be entitled to sell the shares to the Offeror on the terms and
         conditions set out in the offer within 45 days of the expiry of the
         Redemption Period.

(f)      The provisions set out in the company's memorandum and articles of
         association on pre-emption rights are not to apply when the shares are
         transferred in accordance with the provisions set out above here in
         section 18.4.

18.5     The provisions on the right of first refusal to the shares in the
Network Company set out here in section 18 also extend to ownership through
subsidiary undertakings. The right of first refusal to all of the Party's shares
in the Network Company is thus to be triggered if the Transfer takes place in
respect of any share or shares in any of Telia's or NetCom's subsidiary
undertakings that directly or indirectly hold shares in the Network Company.
However, this is not to apply to the Transfer of shares in Mobile or Tele2,
which can thus take place without the right of first refusal being triggered.

18.6     In the event that the shares are transferred in accordance with the
provisions set out in this Shareholder Agreement, the acquirer of the shares is
to take the place of the transferor as a party to this Shareholder Agreement.

19.      THE LICENCE COMPANY

19.1     The Licence Company is to be a company that has not previously carried
on business and that will not carry on business over and above that which is
stated in the Framework Agreement, this Shareholder Agreement, and the
appendices to these agreements. The provisions that relate to the Licence
Company are to be found in the Transfer Agreement appended to the Framework
Agreement.

19.2     In the event that, at the request of Telia, the License Company is
transferred to the Network Company in accordance with the Transfer Agreement
(Shares),

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the provisions on the appointment of board members, company signatories, the
managing director, auditors and board resolutions etc. set out in this
Shareholder Agreement are also to apply to the Licence Company.

20.      PROVISION OF CAPACITY TO THE PARTIES

20.1     The Parties agree that the Network Company is to provide Mobile and
Tele2 with capacity in the Network on market terms, and that charges are to be
payable in accordance with the Capacity Provision Agreements appended to the
Framework Agreement and entered into at the same time as this Shareholder
Agreement.

20.2     Unless specified otherwise in the Framework Agreement, this Shareholder
Agreement, the Appendices or anything later agreed between the Parties, Mobile
and Tele2 are to be entitled, as set out in greater detail in the Business Plan
and the Capacity Provision Agreements entered into at the same time as this
Shareholder Agreement, to use capacity in both the Base Network and the Network
equally (50/50) and on the same terms and conditions.

20.3     In the event that either Party requests an increase in capacity and/or
coverage over and above the Base Network in order to provide a customer-specific
solution, such a request is to be made to the Network Company first. The Network
Company is then to provide the Party in question with a quotation in respect of
the customer-specific solution. The quotation is to be based on the assumption
that the financing for the customer-specific solution will be guaranteed by the
Party in question. In the event that the Party accepts the quotation, that Party
is to be bound by the quotation.

In the event that the Parties fail to agree on the terms and conditions in the
quotation, either Party is to be entitled itself and for its own account to
develop the customer-specific solution which is then to be made available
exclusively and free of charge to the Network Company to become part of the
Network.

20.4     The Parties agree that the Network Company is to provide capacity in
the Network to Mobile and Tele2 in accordance with the Capacity Provision
Agreements entered into at the same time as this Shareholder Agreement. The
Parties further agree that the Base Network is to be developed so that the
Network Company can meet Tele2 and Mobile's requirements for customised
solutions and increases in capacity and coverage in the Network.

20.5     The principles that underlie the pricing and the terms and conditions
in general in the Capacity Provision Agreements and that are set out in the
Business Plan are to be used as the basis for the Network Company's provision of
capacity in the Network to Mobile and Tele2.

21.      THE PURCHASE OF SERVICES FROM THE PARTIES ETC.

21.1     At the same time as entering into this Shareholder Agreement, the
Network Company is entering into the agreements with the Parties set out in
section 4 of the Framework Agreement. The Parties agree that, in respect of
Implementation, operation and maintenance, the Network Company is to purchase
such services on the best possible terms and conditions for the Network Company.

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22.      COMMERCIAL TERMS

22.1     The Parties agree on the principle that the Network Company is always
to conduct its business and dealings on commercial terms.

23.      DUTY OF LOYALTY

23.1     The Parties are loyally to promote the interests of the Network
Company. The Parties are obliged to buy their network capacity from the Network
Company where the Network Company can provide capacity or is prepared to extend
the Network in order to provide the requisite capacity and coverage. The Network
Company is to be the Parties' preferred supplier of capacity in respect of UMTS.

24.      COMPETITION

24.1     The Parties' joint ownership of the Network Company is not in any way
to mean, or to have as a consequence, that the Parties' are coordinating their
commercial activities in the market, but instead that the Parties' cooperation
is limited to the coordination needed to implement, build and maintain the
Network. In all other respects the Parties, and the Parties' Subsidiaries, are
to compete freely with each other for the provision of services in the market.

25.      CONFIDENTIALITY

The content of this Shareholder Agreement, the Framework Agreement and the Other
Agreements may not be disclosed to third parties without the express consent of
the Parties.

The Parties undertake not to disclose to third parties without consent any
confidential information received in accordance with this Shareholder Agreement,
the Framework Agreement or the Other Agreements and not to use such information
for any purpose other than that for which the information was received.

"Confidential information" is taken to mean any information of a technical,
commercial, financial or other nature, irrespective of whether such information
has been documented or not, with the exception of

(a)      information that is in the public domain or comes into the public
         domain in any way other than through the breach of this Shareholder
         Agreement, the Framework Agreement or the Other Agreements,

(b)      information to which the Party in question was demonstrably already
         justly party prior to receiving this information from the other Party,
         and

(c)      information that the Party in question has received or will receive
         from a third party without being bound by a duty of confidentiality to
         this third party.

However, in the case referred to under (c) above, the Party receiving the
information is not entitled to disclose to others that the same information has
also been received in accordance with this Shareholder Agreement, the Framework
Agreement or the Other Agreements.

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The provisions set out above here in section 25 will not apply where otherwise
required by law, ordinance, official order or the Parties' disclosure
obligations in respect of Swedish or foreign stock markets.

26.      MISCELLANEOUS

26.1     In the event of any legal disputes between the Network Company and
either of the Parties, the other Party is to be entitled to represent the
Network Company against the Party in question, and the Network Company is, for
such purposes, to be considered to have authorised each of the Parties to
represent it in legal proceedings.

26.2     A Party, or any board member appointed by that Party, is not to be
considered disqualified in matters considered at the Network Company's general
meeting or by its board of directors that concern the Network Company and the
Party in question. However, the other Party is to be solely entitled to
represent the Network Company in the event of the Network Company terminating
the agreements between the Network Company and that Party and in the event of a
review of amounts owed to the Network Company or by the Network Company in
respect of that Party.

26.3     Each of the Parties undertakes not to offer employment to the Network
Company's employees or consultants, provided that they are not a former employee
of the Party in question or are recruited through the normal advertising
process.

26.4     The costs incurred by either Party in respect of the period prior to
this Shareholder Agreement being signed are to be met by the Parties themselves
unless specified otherwise in the Framework Agreement or the Other Agreements.

27.      INFORMATION

27.1     The Parties undertake, as far as possible, to coordinate and consult
each other on information to be disclosed in respect of the Network Company.

28.      GOVERNING LAW AND ARBITRATION

28.1     This Shareholder Agreement is subject to Swedish law.

28.2     Disputes over this Shareholder Agreement or over associated issues or
relationships are to be settled by arbitration in accordance with the Swedish
Arbitration Act (1999:116). The arbitration proceedings are to be held in
Stockholm.

Should there be two or more parties on either side of the dispute, the
complainants together are to appoint one arbitrator and the defendants together
are to appoint one arbitrator. An arbitrator may be appointed by the Stockholm
City Court at the request of a party in such a dispute if

(a)      the complainants are unable to agree on an arbitrator within thirty
         days of the matter of choosing an arbitrator being raised with all of
         the complainants,

                                      -13-

<PAGE>

(b)      the defendants are unable to agree on an arbitrator within thirty days
         of the call to arbitration being received by all of the defendants.

In the event of more than one dispute arising in connection with the Framework
Agreement, this Shareholder Agreement or the Other Agreements, these disputes
are to be settled by one and the same arbitration tribunal and in the same
proceedings where considered appropriate by the arbitration tribunal.

29.      PERIOD OF AGREEMENT

29.1     This Shareholder Agreement enters into force upon it being signed by
the Parties and applies until 31 December 2015 or for the life of the Licence in
the event that the Licence continues to apply after this date on account of its
extension or otherwise. Thereafter this Shareholder Agreement will continue to
apply until terminated.

In the event that either Party requests that the Licence be extended, the
Parties are to ensure that the Licence is extended if possible.

This Shareholder Agreement may be terminated no earlier than 31 December 2015 or
upon the expiry of the Licence in the event that the Licence expires after this
date on account of its extension or otherwise, subject to a notice period of two
years. Such notice of termination must always be given in writing to be valid.

29.2     This Shareholder Agreement may not be terminated early, rescinded or
nullified unless expressly specified otherwise.

Stockholm, 15 March 2001                       Stockholm, 15 March 2001

Telia Mobile AB        Telia AB (publ)         NetCom AB (publ)         Tele2 AB

                                      -14-<PAGE>
EXECUTION COPY                                                      Exhibit 10.3

                             Dated 27 September 2002

                                 TELIA AB (PUBL)

                                       and

                              THE KINGDOM OF SWEDEN

                          REGISTRATION RIGHTS AGREEMENT

<PAGE>
REGISTRATION RIGHTS AGREEMENT (this "AGREEMENT"), dated as of 27 September 2002,
BETWEEN:

(1)      TELIA AB (PUBL), a corporation organized under the laws of the Kingdom
         of Sweden ("TELIA"); and

(2)      THE KINGDOM OF SWEDEN ("KOS" or the "SHAREHOLDER").

Preamble

(A)      Telia and Sonera Corporation, a company limited by shares and
         incorporated in the Republic of Finland ("SONERA"), have entered into a
         Combination Agreement, dated 26 March 2002 (the "COMBINATION
         AGREEMENT") to merge through the Exchange Offer and, if necessary,
         through a mandatory redemption offer and compulsory acquisition
         proceedings in accordance with the Finnish Securities Market Act of
         1989, as amended, and the Finnish Companies Act of 1978, as amended,
         respectively, all of the issued and outstanding shares of Sonera,
         without nominal value (the "SONERA SHARES"), and ADSs of Sonera, each
         representing one Sonera Share (each, a "SONERA ADS"), and certain other
         securities of Sonera, as described in more detail in the Combination
         Agreement;

(B)      Telia and KoS wish to agree upon certain rights and obligations of KoS
         and Telia respectively in connection with the potential future
         disposition of Telia Equity Securities by KoS;

(C)      Telia and the Republic of Finland ("ROF") have entered into a similar
         registration rights agreement dated as of the date hereof in connection
         with the potential future disposition of Telia Equity Securities by
         RoF; and

(D)      Capitalized terms used in this Agreement and not elsewhere defined
         shall have the respective meanings set forth in Annex A hereto;

NOW THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants and agreements herein contained, and
intending to be legally bound hereby, the parties agree as follows:

1        REGISTRATION RIGHTS

1.1      DEMAND REGISTRATION OF REGISTRABLE SECURITIES

         1.1.1    Following the Closing Date, upon written notice by KoS
                  requesting that Telia effect or cause to be effected the
                  registration under the Securities Act of some or all of the
                  Registrable Securities held by KoS, which notice shall specify
                  the intended method or methods of disposition of such
                  Registrable Securities (which method or methods shall not
                  include offerings on a continuous or delayed basis pursuant to
                  Rule 415 under the Securities Act or any similar or successor
                  provision thereto), Telia will use its reasonable best efforts
                  to effect or cause to be effected the registration under the
                  Securities Act of such Registrable Securities for disposition
                  in accordance with the intended method or methods of
                  disposition stated in such registration request, provided
                  that:

                  (i)      Telia shall not be required to effect a registration
                           under this Section 1.1.1, prior to the 180th calendar
                           day after the Closing Date;

                  (ii)     If KoS previously has disposed of Registrable
                           Securities pursuant to a registration under this
                           Section 1.1.1, Telia shall not be required to effect
                           a registration under this Section 1.1.1 until a
                           period of at least 180 calendar days shall have
                           elapsed from the effective date of the most recent

                                      -1-
<PAGE>

                           preceding registration pursuant to this Section
                           1.1.1. For the avoidance of doubt, this restriction
                           does not apply with respect to registrations pursuant
                           to Section 1.2;

                  (iii)    If, upon receipt of a registration request pursuant
                           to this Section 1.1.1, Telia is advised by a
                           recognized independent investment banking firm
                           selected by Telia and agreed to by KoS, such
                           agreement not to be unreasonably withheld, that, in
                           such firm's opinion, a registration at that time and
                           on the terms requested of any of the Registrable
                           Securities proposed to be offered would be likely to
                           have a material adverse affect on a public offering
                           by Telia of Telia Shares (other than in connection
                           with employee benefit and similar plans) (a "TELIA
                           COMPANY OFFERING") that had been specifically
                           approved by the Board of Directors of Telia prior to
                           the date of the written registration request under
                           this Section 1.1.1 (provided that Telia complies with
                           Section 1.2 hereof with respect to such Telia Company
                           Offering), Telia shall not be required to effect a
                           registration pursuant to this Section 1.1.1 until the
                           earliest of (i) the later of (a) 180 calendar days
                           after the completion of such Telia Company Offering
                           or (b) the termination of any "lock-up" period
                           required by the underwriters, if any, to be
                           applicable to KoS in connection with such Telia
                           Company Offering, (ii) five Business Days after
                           abandonment of such Telia Company Offering, (iii) 90
                           calendar days after the completion of such Telia
                           Company Offering if, in connection with a Telia
                           Company Offering, KoS has made a registration request
                           pursuant to Section 1.2 and the number of Registrable
                           Securities is "cut-back" pursuant to this Agreement
                           by more than 10% and (iv) 240 calendar days after the
                           date of the written registration request under this
                           Section 1.1.1;

                  (iv)     If, while a registration request is pending under
                           this Section 1.1.1, Telia determines in good faith
                           that (i) the filing of a registration statement would
                           require the disclosure of material, non-public
                           information regarding Telia and (ii) public
                           disclosure of such material information would be
                           likely to have a significant adverse impact on Telia,
                           then, on written notice signed by the Chairman of the
                           Board of Directors or the Chief Executive Officer of
                           Telia given to KoS setting forth details regarding
                           the basis for such determination, Telia shall not be
                           required to file or effect a registration pursuant to
                           this Section 1.1.1 until the earlier of (a) the date
                           that is 10 calendar days after such material
                           information is disclosed to the public or ceases to
                           be material to Telia, and (b) 90 calendar days after
                           Telia provides such written notice of such
                           determination to KoS; and

                  (v)      Telia shall not be required to register any
                           Registrable Securities under this Section 1.1.1
                           unless the aggregate number of Registrable Securities
                           proposed to be registered by KoS shall represent at
                           least 2.5% of outstanding Telia Shares.

         1.1.2    If a registration request pursuant to Section 1.1.1 involves
                  an underwritten offering, KoS shall have the right to select
                  the investment banking firm that will act as managing
                  underwriter for the offering; provided, however, that such
                  investment banking firm shall be approved by Telia (such
                  approval not to be unreasonably withheld or delayed).

                                      -2-
<PAGE>
         1.1.3    Telia may register Telia Shares or Telia ADSs for sale for its
                  own account or the account of another person in a registration
                  of Registrable Securities under Section 1.1.1, provided that,
                  except as otherwise required under the terms of currently
                  outstanding registration rights agreements of Telia, Telia
                  shall not have the right to register any such securities to
                  the extent that KoS is advised in writing (with a copy to
                  Telia) by the managing underwriter for the offering of such
                  Registrable Securities that, in such managing underwriter's
                  opinion, registration of such other securities would
                  reasonably be expected to adversely affect the offering and
                  sale of such Registrable Securities. Notwithstanding the
                  foregoing and subject to Section 1.2.2 hereof, if Telia or
                  another person or entity has requested to have its Telia
                  Shares or Telia ADSs registered in the same offering as a
                  registration of Registrable Securities under Section 1.1.1,
                  the Registrable Securities shall have priority.

         1.1.4    KoS shall have the right to one registration pursuant to this
                  Section 1.1 in any six-month period up to a maximum of two
                  registrations. If after Telia has exercised its right to delay
                  a registration pursuant to Section 1.1.1(iii) or (iv), KoS
                  withdraws its request for such registration, or if such
                  registration is otherwise not completed, whether as a result
                  of adverse market conditions or for any other reason, such
                  registration or attempted registration shall not be counted as
                  a registration under this Section 1.1.

1.2      "PIGGYBACK" REGISTRATION OF REGISTRABLE SECURITIES

         If at any time after the date hereof Telia proposes to register for
         public sale under the Securities Act (other than a registration on Form
         F-4 or S-8 or any successor or similar forms thereto), whether proposed
         to be offered for sale by Telia or any other person, including, without
         limitation, pursuant to the exercise by any other person or entity of
         any registration rights, any Telia Equity Securities on a form and in a
         manner which would permit registration of Registrable Securities for
         sale to the public under the Securities Act, Telia will give prompt
         written notice to KoS of its intention to do so, describing such
         securities, and specifying the form and manner and the other relevant
         facts involved in such registration (including, without limitation, (i)
         whether or not such registration will be in connection with an
         underwritten offering of Telia Equity Securities and, if so, the
         identity of the managing underwriter and whether such offering will be
         pursuant to a "best efforts" or "firm commitment" underwriting and (ii)
         if practicable, an estimate of the anticipated price range at which
         such securities are reasonably expected to be sold to the public). Upon
         the written request of KoS, to be delivered to Telia by KoS within 20
         Business Days after the receipt of any such notice by KoS, which
         request shall specify the maximum number of Registrable Securities
         intended to be disposed of by KoS, Telia will use its reasonable best
         efforts to effect or cause to be effected, in connection with the
         registration of the Telia Equity Securities, the registration under the
         Securities Act of all Registrable Securities which Telia has been
         requested to register or cause to be registered by KoS, to the extent
         required to permit the disposition of Registrable Securities so to be
         registered; provided that:

         1.2.1    if Telia proposes to effect a primary registration pursuant to
                  a Telia Company Offering and Telia shall have been advised in
                  writing by a recognized independent investment banking firm
                  selected by Telia and agreed by KoS, such agreement not to be
                  unreasonably withheld, that, in such firm's opinion, the
                  number of Telia Equity Securities proposed to be included in a
                  registration under this Section 1.2 is greater than the number
                  of Telia Equity Securities which can be offered without
                  adversely affecting the offering, Telia shall be required to
                  include in the registration

                                      -3-
<PAGE>
                  only that number of Telia Equity Securities that the
                  independent investment banking firm believes should be
                  included therein without adversely affecting the offering, and
                  Telia Equity Securities shall be excluded from the
                  registration in the following order: (i) first, Telia Equity
                  Securities requested to be registered by any person other than
                  KoS or RoF (but not including Telia Equity Securities to be
                  registered by Telia for sale in a Telia Company Offering),
                  (ii) second Telia Equity Securities requested to be included
                  in such registration by KoS and RoF (such exclusion to be pro
                  rata, based upon the number of Telia Equity Securities
                  requested to be included in such registration by each of KoS
                  and RoF, respectively) and (iii) Telia Equity Securities to be
                  registered by Telia for sale in a Telia Company Offering;

         1.2.2    if Telia proposes to effect a secondary registration on behalf
                  of a person or entity other than KoS, and Telia shall have
                  been advised in writing by a recognized independent investment
                  banking firm selected by Telia and agreed by KoS, such
                  agreement not to be unreasonably withheld, that, in such
                  firm's opinion, the number of Telia Equity Securities proposed
                  to be included in a registration under this Section 1.2 is
                  greater than the number of Telia Equity Securities which can
                  be offered without adversely affecting the offering, Telia
                  shall be required to include in the registration only that
                  number of Telia Equity Securities that the independent
                  investment banking firm believes should be included therein
                  without adversely affecting the offering, and Telia Equity
                  Securities shall be excluded from the registration in the
                  following order: (i) first, Telia Equity Securities requested
                  to be registered by any person other than the person or entity
                  on whose behalf the secondary registration is initially being
                  made, Telia, KoS or RoF (to the extent KoS and/or RoF is not
                  the entity on whose behalf the secondary registration is
                  initially being made), (ii) second, Telia Equity Securities
                  requested to be included in such registration by KoS and RoF
                  (to the extent KoS and/or RoF is not the entity on whose
                  behalf the secondary registration is initially being made),
                  such exclusion to be pro rata, based upon the number of Telia
                  Equity Securities requested to be included in such
                  registration by each of KoS and RoF, respectively, (iii) Telia
                  Equity Securities requested to be registered by Telia and (iv)
                  the Telia Equity Securities of the person or entity on whose
                  behalf the secondary registration is initially being made;

         1.2.3    Telia may, in its sole discretion, delay any offering of Telia
                  Equity Securities for which registration of Registrable
                  Securities also is effected under this Section 1.2 by giving
                  written notice of the delay to KoS; provided, however, that if
                  (i) the registration statement with respect to the offering is
                  not yet effective and the delay extends for more than 30
                  calendar days from the date of the written notice of delay
                  under this Section 1.2 or (ii) the registration statement with
                  respect to the offering has been declared effective by the SEC
                  and the closing of the offering is delayed for more than 24
                  hours, KoS may withdraw its Registrable Securities from the
                  offering, without penalty, and thereupon Telia shall be
                  relieved of its obligation to register such Registrable
                  Securities, without prejudice, however to the rights of KoS to
                  include Registrable Securities in any future registrations
                  pursuant to this Section 1.2;

         1.2.4    Telia shall not be required to register any Registrable
                  Securities under this Section 1.2 unless the aggregate number
                  of Registrable Securities proposed to be registered by KoS
                  represents at least 2.5% of outstanding Telia Shares; and

                                      -4-
<PAGE>
         1.2.5    Telia shall have the right to select the managing underwriter
                  for any underwritten offering effected pursuant to this
                  Section 1.2.

         No registration of Registrable Securities effected under this Section
         1.2 shall relieve Telia of its obligation to effect a registration of
         Registrable Securities pursuant to Section 1.1.

1.3      RULE 144 INFORMATION
         With a view to making available the benefits of certain rules and
         regulations of the SEC which may at any time permit the sale of the
         Registrable Securities to the public without registration, at all
         times, Telia agrees to use its reasonable best efforts to:

         1.3.1    make and keep public information available, as those terms are
                  understood and defined in Rule 144 under the Securities Act,
                  to the extent required from time to time to enable KoS and its
                  successors and assigns to sell Registrable Securities without
                  registration under the Securities Act pursuant to Rule 144
                  under the Securities Act or any similar rule or regulation
                  hereafter adopted by the SEC;

         1.3.2    file with and furnish to the SEC in a timely manner all
                  reports and other documents required of Telia under the
                  Securities Act and the Exchange Act; and

         1.3.3    promptly furnish to KoS upon request a written statement by
                  Telia as to its compliance with the reporting requirements of
                  such Rule 144 and of the Securities Act and the Exchange Act,
                  a copy of the most recent annual or quarterly report of Telia
                  and such other reports and documents so filed by Telia as KoS
                  may reasonably request in availing itself of any rule or
                  regulation of the SEC and applicable state securities laws
                  ("BLUE SKY LAWS") allowing KoS to sell any Registrable
                  Securities without registration.

1.4      ADDITIONAL RIGHTS
         If Telia at any time grants to any other shareholder any rights to
         request Telia to effect the registration under the Securities Act of
         any Telia Equity Securities on terms that in the opinion of KoS are
         more favourable to such shareholder than the terms set forth in this
         Agreement, the terms of this Agreement shall be deemed amended or
         supplemented to the extent necessary to provide KoS such more
         favourable rights and benefits.

2        REGISTRATION PROCEDURES

2.1      REGISTRATION PROCEDURES
         If and whenever Telia is required to use its reasonable best efforts to
         effect or cause to be effected the registration under the Securities
         Act of any Registrable Securities, as provided in this Agreement, Telia
         will use its reasonable best efforts to as expeditiously as is
         practicable:

         2.1.1    prepare and promptly (in any event within 60 calendar days
                  upon written notice by KoS) file or cause to be filed with the
                  SEC a registration statement or statements under the
                  Securities Act on the appropriate form or forms with respect
                  to such securities to be offered and use its reasonable best
                  efforts to cause such registration statement or statements to
                  become and remain effective until the earlier of (i) such time
                  as all such securities have been disposed of in accordance
                  with the intended methods of disposition by KoS set forth in
                  such registration statement or statements and (ii) 270
                  calendar days after the effective date of such registration
                  statement or statements;

                                      -5-
<PAGE>
         2.1.2    prepare and file or cause to be filed with the SEC such
                  amendments (including post-effective amendments) and
                  supplements to such registration statement or statements and
                  the prospectus used in connection therewith as may be
                  necessary to keep such registration statement or statements
                  effective and to comply with the provisions of the Securities
                  Act, the Exchange Act and Blue Sky Laws with respect to the
                  disposition of such securities until the earlier of (i) such
                  time as all such securities have been disposed of in
                  accordance with the intended methods of disposition by KoS set
                  forth in such registration statement or statements and (ii)
                  270 calendar days after the effective date of such
                  registration statement or statements;

         2.1.3    furnish to KoS copies of any such registration statement or
                  statements, any prospectus included therein (including any
                  preliminary prospectus or summary prospectus) and any
                  amendment or supplement thereto (including all documents
                  incorporated by reference therein prior to the effectiveness
                  of such registration statement or statements and all
                  exhibits), which documents (other than documents incorporated
                  by reference) will be subject to the prior review of KoS for a
                  period of at least three Business Days or such shorter period
                  as KoS may agree, and (i) with respect to a registration under
                  Section 1.1 of this Agreement, Telia shall not file or cause
                  to be filed with the SEC any such registration statement or
                  statements, prospectus, amendment or supplement to which KoS,
                  shall reasonably object within three Business Days of receipt
                  thereof and (ii) with respect to a registration under Section
                  1.2 hereof, prior to filing or causing to be filed with the
                  SEC any such registration statement or statements, prospectus,
                  amendment or supplement, Telia will consider the reasonable
                  objections of KoS which are conveyed to it and consult with
                  KoS and its advisors to resolve the objections;

         2.1.4    furnish to KoS and to any underwriter of such securities, such
                  number of conformed copies of such registration statement or
                  statements and of each such amendment and supplement thereto
                  (in each case including all exhibits), such number of copies
                  of the prospectus included in such registration statement or
                  statements (including each preliminary prospectus and any
                  summary prospectus) in conformity with the requirements of the
                  Securities Act, such documents incorporated by reference in
                  such registration statement or statements or prospectus and
                  such other documents as KoS or such underwriter may reasonably
                  request in order to facilitate the public sale or other
                  disposition of such securities;

         2.1.5    register or qualify all the securities covered by such
                  registration statement or statements under such other
                  securities laws or Blue Sky Laws of such jurisdictions as KoS
                  or any underwriter of such securities shall reasonably request
                  and do any and all other acts and things which may be
                  reasonably necessary or advisable to enable KoS or any
                  underwriter to consummate the disposition in such
                  jurisdictions of the securities covered by such registration
                  statement or statements; provided that Telia shall not for any
                  such purpose be required to qualify generally to do --------
                  business as a foreign corporation in any jurisdiction where
                  but for the requirements of this Section 2.1.5, it would not
                  be obligated to be so qualified, or to subject itself to any
                  taxation in any such jurisdiction, or to subject itself to or
                  consent to general or unlimited service of process in any
                  jurisdiction where it is not then so subject;

         2.1.6    comply with all applicable rules and regulations of the SEC
                  and make generally available to its securityholders, in each
                  case as soon as practicable, an earnings

                                      -6-
<PAGE>
                  statement of Telia which will satisfy the provisions of
                  Section 11(a) of the Securities Act;

         2.1.7    if requested by the underwriters for any underwritten offering
                  of Registrable Securities pursuant to Section 1.1 of this
                  Agreement, Telia will enter into an underwriting agreement
                  with such underwriters for such offering, such agreement to
                  contain such representations, warranties, covenants and
                  indemnities by Telia and such other terms and provisions as
                  are customarily contained in underwriting agreements with
                  respect to secondary distributions, including without
                  limitation such underwriters' form of indemnities and
                  contribution and the provision of an opinion of counsel and,
                  if applicable, a "cold comfort" letter;

         2.1.8    list such securities on each securities exchange or quote such
                  securities on each quotation system as KoS or the underwriters
                  of the offering may reasonably designate;

         2.1.9    cooperate with KoS and each underwriter or agent participating
                  in the disposition of such securities and their respective
                  counsel in connection with any filings required to be made
                  with the National Association of Securities Dealers, Inc.
                  ("NASD");

         2.1.10   (i) immediately notify KoS at any time when a prospectus
                  relating to a registration pursuant to Sections 1.1 or 1.2 of
                  this Agreement is required to be delivered under the
                  Securities Act of the happening of any event as a result of
                  which the prospectus included in such registration statement
                  or statements, as then in effect, includes an untrue statement
                  of a material fact or omits to state any material fact
                  required to be stated therein or necessary to make the
                  statements therein, in light of the circumstances then
                  existing, not misleading and (ii) at the request of KoS,
                  prepare and furnish to KoS or the managing underwriter a
                  reasonable number of copies of a supplement to, or an
                  amendment of, such prospectus as may be necessary so that, as
                  thereafter delivered to the purchasers of such securities,
                  such prospectus shall not include an untrue statement of a
                  material fact or omit to state a material fact required to be
                  stated therein or necessary to make the statements therein, in
                  light of the circumstances then existing, not misleading. KoS
                  agrees not to sell any Registrable Securities registered under
                  Sections 1.1 or 1.2 hereof if KoS has been notified of the
                  happening of an event under clause (i) of this Section 2.1.10
                  until KoS or the managing underwriter has received such copies
                  of the supplement or amendment as aforesaid and is further
                  notified by Telia that the prospectus included in the
                  registration statement, as then in effect, no longer includes
                  an untrue statement of a material fact or omits to state any
                  material fact required to be stated therein or necessary to
                  make the statements therein, in light of the circumstances
                  then existing, not misleading;

         2.1.11   (i) furnish to KoS, addressed to KoS, an opinion of counsel
                  for Telia, such counsel to be approved by KoS and such
                  approval not to be unreasonably withheld or delayed, dated the
                  date of the closing of the sale of the securities under the
                  underwriting agreement, covering substantially the same
                  matters with respect to such registration statement (and the
                  prospectus included therein) as are customarily covered in
                  opinions of Telia's counsel delivered to underwriters in
                  underwritten public offerings of securities and, in the case
                  of a registration pursuant to Section 1.1, such other matters
                  as KoS may reasonably request, and (ii) if permitted by
                  applicable accounting standards, use its best efforts to
                  furnish to KoS, addressed to KoS, a "cold comfort" letter
                  signed by the independent public

                                      -7-
<PAGE>

                  accountants who have certified Telia's financial statements
                  included in or incorporated by reference into such
                  registration statement, covering substantially the same
                  matters with respect to such registration statement (and the
                  prospectus included therein), and with respect to events
                  subsequent to the date of such financial statements, as are
                  customarily covered in accountants' letters delivered to
                  underwriters in underwritten public offerings of securities
                  and, in the case of a registration pursuant to Section 1.1,
                  such other matters as KoS may reasonably request;

         2.1.12   execute and deliver all instruments and documents and take
                  such other actions and obtain all such other certificates and
                  opinions as is customary in an underwritten offering;

         2.1.13   in connection with the preparation and filing of each
                  registration statement registering Registrable Securities
                  under the Securities Act, make available for inspection by
                  KoS, by any underwriter participating in any disposition to be
                  effected pursuant to such registration statement or
                  statements, by any depositary with respect to Registrable
                  Securities covered by such registration statement or
                  statements and by any attorney, accountant, auditor or other
                  agent retained by KoS or any such underwriter or depositary,
                  all pertinent financial and other records, pertinent
                  corporation documents and properties of Telia, and cause
                  Telia's officers, directors and employees to supply all
                  information reasonably requested by KoS or any such
                  underwriter, attorney, accountant, auditor or agent in
                  connection with such registration statement or statements and
                  such opportunities to discuss the business of Telia with its
                  officers and the independent public accountants who have
                  certified its financial statements and perform such other
                  diligence as shall be necessary, to conduct a reasonable
                  investigation within the meaning of the Securities Act
                  subject, in each case, to such customary confidentiality
                  undertakings as Telia shall reasonably request.

         2.1.14   notify KoS as soon as practicable and confirm the notice in
                  writing (i) when a registration statement or statements
                  pertaining to the Registrable Securities becomes effective,
                  (ii) when the filing of a post-effective amendment to such
                  registration statement or statement or supplement to or
                  amendment of the related prospectus is required, when the same
                  is filed, and in the case of a post-effective amendment, when
                  the same becomes effective, (iii) of the receipt of any
                  comments from the SEC, (iv) of any request by the SEC to amend
                  the registration statement or statements or amend or
                  supplement the related prospectus or for additional
                  information, (v) of the entry of any stop order suspending the
                  effectiveness of such registration statement or of the
                  initiation of any proceedings for that purpose and (vi) of the
                  suspension of the qualification of any Registrable Securities
                  for offering or sale in any jurisdiction or of the initiation
                  of any proceedings for that purpose;

         2.1.15   prevent the issuance of any stop order suspending the
                  effectiveness of the registration statement or statements or
                  of any order preventing or suspending the use of any
                  preliminary prospectus and, if any such order is issued, to
                  obtain the withdrawal of any such order at the earliest
                  possible moment;

         2.1.16   provide and cause to be maintained a transfer agent and
                  registrar for all Registrable Securities registered pursuant
                  to a registration statement or statements pertaining to such
                  securities and a CUSIP number for all such securities, in each
                  case from and after a date not later than the effective date
                  of such registration

                                      -8-
<PAGE>

                  statement or statements, and to instruct such transfer agent
                  (i) to release any stop transfer orders with respect to the
                  Registrable Securities being sold and (ii) to furnish
                  certificates without restrictive transfer legends representing
                  ownership of the Registrable Securities being sold, in such
                  denominations requested by KoS or the lead underwriter;

         2.1.17   if requested by the managing underwriter or agent or KoS,
                  promptly incorporate and, in the case of ADSs, promptly cause
                  to be incorporated in a prospectus supplement or
                  post-effective amendment such information as the managing
                  underwriter or agent or KoS reasonably requests to be included
                  therein, including, without limitation, with respect to the
                  number of Registrable Securities being sold by KoS to such
                  underwriter or agent, the purchase price being paid therefore
                  by such underwriter or agent and with respect to any other
                  terms of the underwritten offering of the Registrable
                  Securities to be sold in such offering; and make and, in the
                  case of ADSs, cause to be made all required filings of such
                  prospectus supplement or post-effective amendment as soon as
                  practicable after being notified of the matters incorporated
                  in such prospectus supplement or post-effective amendment;

         2.1.18   cooperate with KoS and the managing underwriter or agent or
                  depositary, if any, to facilitate the timely preparation and
                  delivery of certificates, if applicable, representing the
                  securities to be sold under the registration statement or
                  statements, and enable such securities to be in such
                  denominations and registered in such names as the managing
                  underwriter or agent, if any, or KoS may request;

         2.1.19   make its directors, officers and employees available to
                  participate in such marketing tours, meetings and other
                  customary selling efforts, at such locations, as KoS or the
                  managing underwriter may reasonably request; and

         2.1.20   enter into such agreements and take such other actions with
                  the same diligence as it would devote to a primary offering as
                  KoS or the managing underwriter reasonably requires in order
                  to expedite or facilitate the disposition of such Registrable
                  Securities.

2.2      LOCK-UP

         2.2.1    If a registration pursuant hereto involves an underwritten
                  offering, Telia agrees, if and to the extent reasonably
                  requested by the managing underwriter of such offering, (i)
                  not to effect any public sale or distribution of any of its
                  Telia Equity Securities (or a transaction that would have a
                  similar economic effect as such a sale or distribution of
                  Telia Equity Securities such as a swap or other hedging
                  transaction whether settled in cash or securities) during a
                  period of up to 90 calendar days after the effective date of
                  such registration (except for securities sold in such
                  underwritten offering or except in connection with a stock
                  option plan, purchase plan, savings or similar plan, the
                  exercise of then outstanding options, warrants and other
                  convertible securities or an acquisition, merger, exchange
                  offer or other similar acquisition or business combination
                  transaction) without the consent of such managing underwriter
                  and (ii) to use its reasonable best efforts to cause its
                  officers and directors and each holder of at least 5% of Telia
                  Shares to agree not to effect any sale or distribution (other
                  than a private sale to a transferee who or which agrees to the
                  same restrictions to which the transferor is subject) of any
                  Telia Equity Securities owned or controlled by any of them or
                  their respective family members (or a transaction that would
                  have a similar economic effect as such

                                      -9-
<PAGE>

                  a sale or distribution of Telia Equity Securities such as a
                  swap or other hedging transaction whether settled in cash or
                  securities) during a period of up to 90 calendar days after
                  the effective date of the registration statement (except as
                  part of and pursuant to such underwritten offering) without
                  the consent of such managing underwriter; provided that no
                  person shall be subject to the foregoing more than once in any
                  twelve (12) month period.

         2.2.2    If a registration pursuant hereto involves an underwritten
                  offering, which includes Registrable Securities, KoS will
                  agree, if and to the extent reasonably requested by the
                  managing underwriter in such offering, not to effect any
                  public sale or distribution, including any sale pursuant to
                  Rule 144 under the Securities Act (but excluding those
                  securities sold in such underwritten offering) (or a
                  transaction that would have a similar economic effect as such
                  a sale or distribution of Telia Equity Securities such as a
                  swap or other hedging transaction whether settled in cash or
                  securities), of any Telia Equity Securities owned by KoS,
                  without the consent of such managing underwriter, such consent
                  not to be unreasonably withheld or delayed, during a period
                  commencing on the effective date of such registration and
                  ending a number of calendar days thereafter not exceeding 90
                  days as such managing underwriter shall reasonably determine
                  is required to effect a successful offering; provided that
                  such agreement is on terms which are at least as favourable to
                  KoS, in form and substance, as those provided in other
                  "lock-up" agreements of other stockholders of Telia who
                  execute such agreements in connection with such offering;
                  provided, further, that KoS shall not be subject to the
                  foregoing more than once in any twelve (12) month period.

2.3      REGISTRATION EXPENSES

         2.3.1    If and to the extent required by KoS, Telia will pay all
                  reasonable Registration Expenses in connection with any
                  registration of Registrable Securities pursuant to Sections
                  1.1 and 1.2 of this Agreement, provided, however, Telia will
                  not be required to pay (i) any underwriting discounts or
                  selling commissions attributable to Registrable Securities in
                  connection with any such registrations or (ii) the fees of
                  KoS's professional advisers in connection with such
                  registrations; provided, however, that in the event that any
                  professional advisers selected by KoS are also acting as
                  professional advisers to Telia in connection with a Telia
                  Company Offering, Telia will pay the fees of such professional
                  advisers in connection with such Telia Company Offering.

         2.3.2    As used in this Agreement, "REGISTRATION EXPENSES" shall
                  include all expenses incident to the performance of or
                  compliance by Telia with the registration requirements set
                  forth in this Agreement, including, without limitation, the
                  following:

                  (i)      the fees, disbursements and expenses of Telia's
                           counsel, including those of any local counsel
                           retained by or on behalf of Telia in any
                           jurisdiction, accountants, independent experts
                           retained by or on behalf of Telia and transfer agents
                           in connection with the registration of securities to
                           be disposed of under the Securities Act, including
                           the expenses of any special audits and/or "cold
                           comfort" letters required by or incident to such
                           performance and compliance;

                  (ii)     any fees and disbursements of underwriters
                           customarily paid by the issuers or sellers of
                           securities;

                                      -10-
<PAGE>

                  (iii)    all expenses in connection with the preparation,
                           printing and filing of the registration statement or
                           statements, any preliminary prospectus or final
                           prospectus, any other offering document and
                           amendments and supplements thereto, including all
                           filing fees (i.e., SEC and stock exchange or NASD
                           registration and filing fees, the fees and expenses
                           of any "qualified independent underwriter", as such
                           term is defined in Schedule E to the by-laws of the
                           NASD, and of its counsel), and the mailing and
                           delivering of copies thereof;

                  (iv)     all fees and expenses incurred in connection with the
                           creation of ADSs, including the reasonable fees and
                           disbursements of the depositary for such ADSs that
                           Telia, and not the depositary, is required to pay;

                  (v)      the cost of printing or producing any agreement(s)
                           among underwriters, underwriting agreement(s) and
                           blue sky or legal investment memoranda, any selling
                           agreements and any other documents in connection with
                           the offering, sale or delivery of the securities to
                           be disposed of;

                  (vi)     the cost of printing or producing and the issuance
                           and delivery of certificates for the securities;

                  (vii)    all expenses in connection with the qualification of
                           the securities for offering and sale under
                           international and Blue Sky Laws, including the fees
                           and disbursements of counsel for the underwriters in
                           connection with such qualification and in connection
                           with any blue sky and legal investment surveys; and

                  (viii)   all fees and expenses incurred in connection with the
                           listing or quotation of the securities on stock
                           exchanges or quotation systems.

2.4      INDEMNIFICATION

         2.4.1    Telia agrees in connection with any registration of
                  Registrable Securities to indemnify and reimburse, to the
                  extent permitted by law, KoS and any person or entity who has
                  lawfully acted on behalf of KoS against all losses, claims,
                  damages, liabilities and expenses (including reasonable legal
                  expenses and any reasonable expenses incurred in investigating
                  any claims) caused by any untrue or alleged untrue statement
                  of a material fact contained in the registration statement or
                  statements pertaining to the Registrable Securities or any
                  amendment or supplement thereto or any omission or alleged
                  omission of a material fact required to be stated therein or
                  necessary to make the statements therein not misleading or any
                  preliminary prospectus or prospectus (including any amendment
                  or supplement thereto), as of its date, containing any untrue
                  statement of material fact or omitting to state any material
                  fact necessary in order to make the statements therein, in the
                  light of the circumstances under which they were made, not
                  misleading, except insofar as the same are caused by, or
                  contained in, any information furnished in writing to Telia by
                  KoS stating that it is to be used in the preparation thereof
                  or by KoS's failure to deliver a copy of the registration
                  statement or prospectus or any amendments or supplements
                  thereto after Telia has furnished to KoS a sufficient number
                  of copies of the same. In connection with an underwritten
                  offering, Telia shall, upon request, agree in writing to
                  indemnify such underwriters, their officers and directors and
                  each person or entity that controls

                                      -11-

<PAGE>

                  such underwriters (within the meaning of the Securities Act)
                  to substantially the same extent as provided above with
                  respect to the indemnification of KoS.

         2.4.2    In connection with the registration of the Registrable
                  Securities, Telia may request that KoS indemnify and
                  reimburse, to the extent permitted by law, Telia and any
                  person or entity who has lawfully acted on behalf of Telia
                  against all losses, claims, damages, liabilities and expenses
                  (including reasonable legal expenses and any reasonable
                  expenses incurred in investigating any claims) caused by any
                  information furnished in writing (such writing to specifically
                  state that the information contained therein may be used in
                  the preparation of the registration statement pertaining to
                  the Registrable Securities) by KoS to Telia which contained
                  any untrue or alleged untrue statement of material fact
                  contained in the registration statement pertaining to the
                  Registrable Securities, prospectus or preliminary prospectus
                  or any amendment or supplement thereto or any omission or
                  alleged omission of a material fact required to be stated
                  therein or necessary to make the statements therein not
                  misleading; provided that in no event shall the liability of
                  KoS for indemnities exceed the net amount of proceeds received
                  by KoS from the sale of its Registrable Securities pursuant to
                  such Registration Statement.

2.5      CONTRIBUTION

         2.5.1    If the indemnification provided for in Section 2.4 from the
                  indemnifying party is unavailable to the indemnified party
                  hereunder in respect of any losses, claims, damages,
                  liabilities or expenses referred to herein, then the
                  indemnifying party, in lieu of indemnifying such indemnified
                  party, shall contribute to the amount paid or payable by such
                  indemnified party as a result of such losses, claims, damages,
                  liabilities or expenses in such proportion as is appropriate
                  to reflect the relative fault of the indemnifying party and
                  indemnified party or parties in connection with the actions
                  which resulted in such losses, claims, damages, liabilities or
                  expenses, as well as any other relevant equitable
                  considerations. The relative fault of such indemnifying party
                  and indemnified party or parties shall be determined by
                  reference to, among other things, whether any action in
                  question, including any untrue or alleged untrue statement of
                  a material fact or omission or alleged omission to state a
                  material fact, has been made by, or relates to information
                  supplied by, such indemnifying party or indemnified party or
                  parties, and the parties' relative intent, knowledge, access
                  to information and opportunity to correct or prevent such
                  action. The amount paid or payable by a party under this
                  Section 2.5 as a result of the losses, claims, damages,
                  liabilities and expenses referred to above shall be deemed to
                  include any legal or other fees or expenses reasonably
                  incurred by such party in connection with any investigation or
                  proceeding.

         2.5.2    The parties hereto agree that it would not be just and
                  equitable if contribution pursuant to this Section 2.5 were
                  determined by pro rata allocation or by any other method of
                  allocation which does not take account of the equitable
                  considerations referred to in Section 2.5.1. No person guilty
                  of fraudulent misrepresentation (within the meaning of Section
                  11(f) of the Securities Act) shall be entitled to contribution
                  from any person who was not guilty of such fraudulent
                  misrepresentation.

3        TERM

         This Agreement shall terminate at the earliest of:

         (i) the day KoS ceases to hold at least five percent of the outstanding
         Telia Shares; or

                                      -12-
<PAGE>
         (ii) at the request of KoS.

4        MISCELLANEOUS

4.1      ENTIRE AGREEMENT; NO THIRD PARTY BENEFICIARIES
         This Agreement and the other agreements contemplated hereby and
         instruments delivered pursuant hereto and thereto constitute the entire
         agreement, and supersede all other prior agreements and understandings,
         both written and oral, among the parties with respect to the subject
         matter hereof and thereof and, except as otherwise expressly provided
         herein including, without limitation, in Section 4.6 hereof, is not
         intended to and shall not confer upon any person other than the parties
         hereto any rights or remedies hereunder.

4.2      REGULATORY COOPERATION

         4.2.1    The parties shall cooperate with each other to ensure that all
                  information necessary or desirable for the making of (or
                  responding to any requests for further information consequent
                  upon) any notifications or filings made in connection with
                  this Agreement, the transactions contemplated hereunder or any
                  on-going regulatory filings or other obligations in connection
                  with the operations of Telia or any of its subsidiaries, is
                  supplied to the party responsible for such notifications and
                  filings.

         4.2.2    Telia may require KoS to furnish to it such information
                  regarding KoS and the distribution of Registrable Securities
                  that Telia may from time to time reasonably request in writing
                  and as shall be required by law or by the SEC, a national
                  securities exchange or the NASD in connection with a
                  registration pursuant to this Agreement.

4.3      NOTICES

         Any notice, request, instruction or other document to be given
         hereunder by either party to another party shall be in writing and
         shall be deemed given when delivered personally, upon receipt of a
         transmission confirmation (with a confirming copy sent by overnight
         courier) if sent by facsimile or like transmission, and on the next
         business day when sent by overnight courier, to the party at the
         following addresses (or such other addresses for a party as shall be
         specified by like notice):

4.3.1    IF TO TELIA:

         Telia AB

         Address: Marbackagatan 11

                  Farsta 123 86

                  Sweden

         Fax: +46 8 94 64 70

         Attention: Jan-Henrik Ahrnell, General Counsel

4.3.2    IF TO KOS:

                 Ministry of Industry, Employment and Communications

                                      -13-
<PAGE>

                 Address:    SE-103 33 Stockholm
                             Sweden

                 Fax:        +46 8 21 57 99

                 Attention:  Head of Division for State Enterprises

4.4      GOVERNING LAW; ARBITRATION

         4.4.1    This Agreement shall be governed by and construed and enforced
                  in accordance with the laws of the State of New York
                  applicable to contracts made and to be performed therein,
                  without regard to the principles of conflicts of laws thereof.

         4.4.2    Any dispute, controversy or claim concerning the validity,
                  scope, meaning, construction, application or effect of this
                  Agreement or the breach, termination or invalidity thereof
                  shall be finally settled by arbitration in Stockholm in
                  accordance with the rules of the Arbitration Institute of the
                  Stockholm Chamber of Commerce. Telia and KoS shall each
                  appoint one arbitrator and the two arbitrators shall appoint a
                  third arbitrator who shall be the chairman. The arbitration
                  proceedings shall be conducted in the English language.

4.5      SEVERABILITY

         Any provision of this Agreement which is invalid or unenforceable in
         any jurisdiction shall, as to that jurisdiction, be ineffective to the
         extent of such invalidity or unenforceability without rendering invalid
         or unenforceable the remaining terms and provisions of this Agreement
         in any other jurisdiction. Upon such determination that any term or
         other provision is invalid or unenforceable, the parties hereto shall
         negotiate in good faith to modify this Agreement so as to effect the
         original intent of the parties as closely as possible to the fullest
         extent permitted by applicable law in an acceptable manner to the end
         that the transactions contemplated hereby are fulfilled to the extent
         possible.

4.6      SUCCESSORS; ASSIGNS; TRANSFEREES
         This Agreement shall be binding upon and shall inure to the benefit of
         the parties hereto and their respective successors and assigns and,
         with respect to KoS, any affiliate (within the meanings of Rule 405
         under the Securities Act) to which KoS has transferred any legal or
         beneficial interest, in whole or in part, in Registrable Securities,
         provided such entity continues to be an affiliate of KoS at the time it
         seeks to exercise its rights pursuant to this Agreement.

4.7      AMENDMENTS; WAIVERS

         This Agreement may not be amended, modified or supplemented and no
         waivers of or consents to departures from the provisions hereof may be
         given unless consented to in writing by the parties.

4.8      COUNTERPARTS

         This Agreement may be executed in two or more counterparts, each of
         which shall be deemed an original but all of which shall constitute one
         and the same Agreement.

4.9      EFFECTIVE DATE

         This Agreement shall be effective on the first business day following
         the date on which Telia Equity Securities are issued to RoF in exchange
         for Sonera Shares pursuant to the

                                      -14-
<PAGE>

         Combination Agreement and, if such date of issue shall not have
         occurred by January 1, 2003, this Agreement shall terminate.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed
as of the date first written above.

                               TELIA AB

                               By:  /s/ Anders Igel

                               Name: Anders Igel
                               Title: President and Chief Executive Officer

                               By:  /s/ Jan Henrik Ahrnell

                               Name: Jan Henrik Ahrnell
                               Title: Vice President and General Counsel

                               THE KINGDOM OF SWEDEN

                               By:  /s/ Lars Johan Cederlund

                               Name: Lars Johan Cederlund
                               Title: Deputy Director

                                      -15-
<PAGE>

                                     ANNEX A

                                   DEFINITIONS

As used in this Agreement, the following terms shall have the following
meanings:

(i)      "ADSS" means American Depositary Shares.

(ii)     "BENEFICIAL OWNERSHIP" has the same meaning as in Rule 13d-3
         promulgated under the Exchange Act.

(iii)    "BUSINESS DAY" means any day other than a Saturday, Sunday or a day on
         which the SEC is not open to receive filings.

(iv)     "CLOSING DATE" means the day of the consummation of the Exchange Offer.

(v)      "EXCHANGE ACT" means the U.S. Securities Exchange Act of 1934, as
         amended, and the rules and regulations promulgated thereunder.

(vi)     "EXCHANGE OFFER" means Telia's exchange offer to acquire all the Sonera
         Shares, Sonera ADSs and certain other securities of Sonera, on the
         terms and subject to the conditions included in the Combination
         Agreement.

(vii)    "PERSON" shall mean an individual, corporation, unincorporated
         association, partnership, a 13D Group, trust, joint stock company,
         joint venture, business trust or unincorporated organization, limited
         liability company, any governmental entity or any other entity of
         whatever nature.

(viii)   "REGISTER", "registered" and "registration" shall refer to a
         registration effected by preparing and filing a registration statement
         or similar document in compliance with the Securities Act and the
         declaration or ordering of effectiveness of such registration statement
         or document.

(ix)     "REGISTRABLE SECURITIES" shall mean (i) any Telia Equity Security held
         by KoS, (ii) any Telia Shares issued as (or issuable upon the
         conversion or exercise of any warrant, right, option or other
         convertible security which is issued as) a dividend or other
         distribution with respect to, or in exchange for, or in replacement of,
         such Telia Equity Security and (iii) any Telia Shares issued by way of
         a stock split of the Telia Equity Security referred to in clauses (i)
         or (ii) above. For purposes of this Agreement, any Registrable
         Securities shall cease to be Registrable Securities when (i) a
         registration statement covering such Registrable Securities has been
         declared effective and such Registrable Securities have been disposed
         of pursuant to such effective registration statement, (ii) such
         Registrable Securities shall have been distributed pursuant to Rule 144
         of the Securities Act (or any similar provision then in effect) under
         the Securities Act or (iii) such Registrable Securities shall cease to
         be outstanding.

(x)      "SEC" means the U.S. Securities and Exchange Commission.

(xi)     "SECURITIES ACT" means the U.S. Securities Act of 1933, as amended, and
         the rules and regulations promulgated thereunder.

(xii)    "TELIA ADSS" means ADSs of Telia, each representing an amount of Telia
         Shares and represented by American Depositary Receipts of Telia.

(xiii)   "TELIA EQUITY SECURITIES" means any (i) Telia Shares, (ii) securities
         of Telia convertible into or exchangeable for Telia Shares (including
         without limitation, Telia ADSs), and (iii) options, rights, warrants
         and similar securities issued by Telia to acquire Telia Shares

                                      -16-
<PAGE>

(xiv)    "TELIA SHARES" means shares in the capital stock of Telia.

(xv)     "13D GROUP" means any "group" (within the meaning of Section 13(d) of
         the Exchange Act) formed for the purpose of acquiring, holding, voting
         or disposing of Telia Shares.

                                      -17-

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