STOCKHOLM, Sweden, June 10, 2002 (PRIMEZONE) -- Song Networks AB, a Swedish subsidiary of Song Networks Holding AB (Nasdaq:SONW), (Stockholm Stock Exchange:SONW), has signed agreements with two international data and telecom operators. Worth approximately SEK 5.4 million over one year, these agreements comprise the supply of network capacity for both telephony and data traffic.
"The fact that international operators who do not own their own Nordic network have chosen to purchase capacity from Song, shows that our backbone fibre and access network is maintaining a high level of quality. Thanks to competitive prices and a good capacity to deliver, we won both these deals in competition with other operators with a network of their own," said Mats Almgren, Sales Director of Song Networks AB.
The agreement relates to the supply of a wavelength capacity of 2.5 Gbit/s and a fixed SDH connection of 622 Mbit/s in Song Networks' Nordic fibre-optic broadband network.
The wavelength connection is a transparent point-to-point connection that can carry all kinds of traffic up to 2.5 Gbit/s. The SDH connection is redundant (two logical connections) and primarily intended for telephony.
For more information, please contact:
Song Networks AB Song Networks Holding AB
Mats Almgren, Sales Director Jenny Moquist, Investor Relations
Manager
Tel: +46 8 5631 02 40 Tel: +46 8 5631 02 19
Mobile: +46 701 810 240 Mobile: +46 701 810 219
E-mail: E-mail:
mats.almgren@songnetworks.se jenny.moquist@songnetworks.net
About Song Networks, formerly Tele1 Europe, (Nasdaq:SONW) (Stockholmsborsen:SONW):
Song Networks is a rapidly expanding data and telecommunications operator with activities in Sweden, Denmark, Finland and Norway. The Company provides comprehensive solutions for data, internet, hosting and voice, to businesses in the Nordic region. Song Networks is currently the only pan Nordic operator investing in local access networks with broadband capacity. The Company has built local access networks in the largest cities in the Nordic region. The access networks, which are linked by a long-distance network is one of the fastest data and internet super-highways in Europe, with an initial capacity for customers of up to one gigabit. The Company was founded in 1995 in Sweden and has approximately 1,000 employees. The head office is located in Stockholm and there are an additional 34 offices located in the Nordic region. For further information, please visit our website at www.songnetworks.net
Certain statements contained in this press release contain "forward- looking statements" within the meaning of the U.S. federal securities law. Such statements are based on the current expectations of the management of Song Networks Holding AB only, and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, adverse regulatory, technological or competitive developments; decline in demand for the company's services or products; inability to timely develop, introduce and market new technologies, products and services; pricing pressures resulting from competition; unforeseen construction delays; and the inability to successfully manage systems failures or shutdowns and service interruptions or reduced services to customers. For a more detailed discussion of such risks and uncertainties affecting the company, please refer to Song Networks Holding AB's reports that are filed from time to time with the U.S. Securities and Exchange Commission, including the company's annual report on Form 20-F and reports on Form 6-K.
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