COPENHAGEN, Denmark, Dec. 12, 2000 (PRIMEZONE) -- Today, Tele Danmark as the majority shareholder of sunrise (Switzerland) and the owner of Talkline (Germany) has announced the following changes in the management of sunrise and Talkline:
Kim Frimer will replace Urs Fischer and become Chief Executive Officer of sunrise and be the designated CEO of the merged company sunrise/diAx (Switzerland), whereby this merger is currently being reviewed by the Swiss Competition Commission. Kim Frimer has been working for Tele Danmark since 1986. From 1997 to 1999 he was Chief Operating Officer of sunrise and since 1999 he has been the Chief Executive Officer of Talkline.
Klaus Holgaard Rasmussen will replace Kim Frimer as Chief Executive Officer of Talkline. Klaus Holgaard Rasmussen has been working for Tele Danmark since 1996 and is presently Vice President in Tele Danmark Mobile.
Urs Fischer, the Chief Executive Officer of sunrise, has decided to join another corporation. More information will be available in a release to be sent out in Switzerland today at 17.00 (5 pm).
Tele Danmark is a Danish-based European communication solutions provider organized as five main business units; Communication Solutions, Mobile, Internet, Cable TV and Directories. Tele Danmark is the principal provider of communications services in Denmark and holds significant interests in a range of communications companies across Northern and Continental Europe. Tele Danmark A/S was privatized in 1994. Today SBC Communications owns 41.6% of the shares and the remainder are held by individual and institutional shareowners all over the world.
TLD Listings Shares: Copenhagen Stock Exchange. Reuters TLD.CO. Bloomberg TLD.DC. Nominal value DKK 5. ISIN DK00-1020242-3. SEDOL 4889874.
ADRs: New York Stock Exchange One ADR represents half of one ordinary share Reuters TLD.N. Bloomberg TLD US. SEC 1-12998. Half of one ordinary share. CUSIP 879242105. SEDOL 2883094.