Tele2 AB and Deutsche Telekom have agreed to sell T-Mobile Netherlands to funds advised by Apax Partners LLP and Warburg Pincus LLC ("Warburg Pincus") for an enterprise value of EUR 5.1 billion. The Tele2 Board of Directors intends to propose an extraordinary dividend of at least SEK 11 per share, pending closing of the transaction and the receival of cash proceeds. The transaction is subject to customary closing conditions, including regulatory approvals and consultation with employee representatives.