“This is where the race to 4G begins. By building a joint network and sharing our spectrum we create a whole new playing field on the Swedish market, placing ourselves in pool position to provide high-speed mobile broadband with the best coverage and quality. Sharing this investment ensures cost-efficiency and enables a solid market position in the long run for Telenor in Sweden,” said Lars-Åke Norling, CEO Telenor Sweden.

Telenor and Tele2 will be equal partners in the joint venture. The agreement also comprises spectrum sharing in the 900MHz and 2600MHz frequency bands, creating superior conditions for a nation-wide 4G network in Sweden. The launch of high-speed mobile broadband services based on LTE-technology is expected in the end of 2010, or when mobile devices (modems) become available on the market.