EESTI TELEKOM

ANNOUNCEMENT



DECREASE IN PLANNED INVESTMENTS OF AS EESTI TELEFON



Supervisory Council of Eesti Telekom`s subsidiary Eesti Telefon Ltd. has 

approved to decrease planned investments between 100-200 million Estonian 

kroons in 2001. The aim of the reduction is to increase the profitability 

of the Company. 



After reduction total investments for Eesti Telekom Group in 2001 amount 

to 1,1 - 1,2 billion Estonian kroons.





Krister Björkqvist

CFO

+372 631 1212