Eesti Telekom                 NEWS RELEASE                04/14/2004 09:00



COMMENT ON AN ARTICLE IN "ÄRIPÄEV"



On   8th  April  2004,  Kenneth  Karlberg,  President  of

TeliaSonera Norway, Denmark and the Baltic countries,  in

"Äripäev"  claimed, that TeliaSonera will not acquire  AS

Eesti  Telekom  shares at their present high  price  (126

EEK/share  on  7th  April 2004).  Mr.  Karlberg  did  not

comment  at  which price TeliaSonera would  be  ready  to

acquire   AS  Eesti  Telekom  shares  and  make  takeover

proposal  to  the rest of the shareholders. Mr.  Karlberg

did  not comment possible developments in May 2004,  when

the  Shareholders’ Agreement between TeliaSonera and  the

Government  of Estonia expires. Making takeover  proposal

in  the  future will depend on share price  of  AS  Eesti

Telekom at stock exchange.



As  a comment to the article we announce that the article

expressed  an  opinion of Mr. Karlberg. AS Eesti  Telekom

has   no  detailed  information  concerning  negotiations

between  TeliaSonera  and the  Republic  of  Estonia   or

possible takeover proposal.



Regarding information about TeliaSonera we kindly request

interested parties to contact TeliaSonera AB press-office

in Stockholm.





Hille Võrk

Financial Manager

6272460