STOCKHOLM, Sweden, March 14, 2002 (PRIMEZONE) -- Song Networks AB, the Swedish subsidiary of Song Networks Holding AB (Nasdaq:SONW), (Stockholmsborsen:SONW) has signed a contract with a major Swedish internet provider. The order, initially worth SEK 7 million and running for two years, means that Song Networks will become a total supplier of telephony.
The contract includes direct connection, Free Phone, Unified Messaging and mobile telephony. For the customer, who has previously had a divided infrastructure, having a total supplier for all communication means major savings.
"Customers are increasingly demanding total solutions. The fact that Song Networks won this order in competition with all the major operators was due to our broad coverage on mobile telephony combined with advanced value added services such as Unified Messaging, plus the price and efficiency benefits of the total solution," says Mats Almgren, Sales Director of Song Networks AB.
About Song Networks, the former 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 holistic 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 constructed 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 Europe's fastest data and internet super-highways with an initial capacity for customers of up to one gigabit. The company was founded in 1995 in Sweden and has approximately 1,100 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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