Eesti Telekom                 NEWS RELEASE                11/19/2002 13:00



EESTI TELEFON WAS DECLARED SMP



On  18  November,  the Communications Board  declared  AS

Eesti  Telefon  as  an operator with  significant  market

power  (SMP)  for  2003 in the public  telephone  service

market,  public  leased line service market,  and  public

interconnection service market. The Communications  Board

based  the  determination of operators  with  significant

market  power for 2003 on the market shares of 2001.  The

market  share of AS Eesti Telefon amounted to  89.22  per

cent  of  the turnover of the telephone services  market,

72.84 per cent of the turnover of the leased line service

market,  and  59.02  per  cent of  the  turnover  of  the

interconnection service market in 2001.



AS  Eesti Telefon was also declared for 2001 and 2002  as

an  operator with significant market power in the  public

telephone  service  market, public  leased  line  service

market, and public interconnection service market. In its

forecasts,   Eesti   Telefon  also  reckoned   with   the

Communications  Board  declaring  the  business   as   an

operator  with  significant market  power  in  the  three

markets for 2003.





Hille Võrk

Financial Manager

6272460