STOCKHOLM, Sweden, April 23, 2003 (PRIMEZONE) -- Song Networks AS, the Norwegian subsidiary of Song Networks Holding AB (Other OTC:SONWF) (Stockholms:SONW), announces that Song Networks supplies a data network that connects 18 municipalities in 3 regions to Song Networks' broadband network. The contract spans over 3 years, and has a total value for Song Networks of minimum NOK 20 million.
The 18 municipalities receive a modern high-speed network that includes all the central municipalities' offices. The contract includes option for broadband access to schools as well as voice to the municipality administration centres.
"The agreement is a brilliant example of profitable network expansion in sparsely populated regions through cooperation between the public and the private sector in Norway. For Song Networks, the public sector represents a stable and important business partner that supports our strategy of offering nationwide broadband services to the Norwegian corporate market and organisations, says Ketil Kivedahl, Managing Director of Song Networks AS.
"Song Networks won the contract in competition with several strong suppliers, among them Telenor. The ability to provide advanced and flexible solutions combined with local presence made Song Networks the preferred supplier. The solutions imply economical savings for the public sector and improved service offerings to the regions' habitants," said Chairman of the "Det Digitale Distriktsagder" group, Knut Dannevig.
For more information, please contact: Song Networks AS Ketil Kivedahl, Managing Director Telephone: +47 21 50 24 50 Mobile: +47 400 00 450 E-mail: ketil.kivedahl@songnetworks.no
About Song Networks
Song Networks is a data and telecommunications operator with activities in Sweden, Finland, Norway and Denmark. The Company's business concept is to offer the best broadband solution for data communication, Internet and voice to businesses in the Nordic region. The Company was founded in 1995 in Sweden and have approximately 800 employees. The head office is located in Stockholm and the Company has 24 offices located in the Nordic region. 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.
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