[NetCom licensed in Finland, Norway, and now Sweden.]

New York and Stockholm -- NetCom AB (Nasdaq: NECS) ("NetCom", "the Group"), a leading pan-European telecommunications company, today announced that its Swedish subsidiary, Tele2 AB, has been awarded a license from The Swedish National Post and Telecom Agency to develop a third generation mobile UMTS (Universal Mobile Telecommunications Systems) network, offering bandwidths of up to 2 Mbps. Modern Times Group AB (MTG) will work in co-operation with Tele2 AB to develop content for the service.

Tele2 AB was one of ten applicants for four Swedish UMTS licenses in September 2000.

Lars-Johan Jarnheimer, President and CEO of NetCom AB stated: "We are very pleased with the award of this third generation UMTS license as it acknowledges our crucial role in the deregulation and development of the telecommunications sector in Europe.

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