STOCKHOLM, Sweden, Oct. 05, 2004 (PRIMEZONE) -- On September 14, 2004, TDC A/S (``TDC") announced a public offer to all shareholders and holders of convertible debentures in Song Networks Holding AB ("Song").
On September 14, 2004, the Board of Directors of Song announced a statement in relation to TDC's offer.
On September 22, 2004, Tele2 AB (``Tele2") announced a public offer to all shareholders and holders of convertible debentures in Song.
On September 24, 2004, the Board of Directors of Song announced a statement in relation to TDC's offer of September 14, 2004, and Tele2's offer of September 22, 2004.
On September 28, 2004, TDC withdrew its initial offer and announced a new public offer to all shareholders and holders of convertible debentures in Song. In summary TDC is offering SEK 82.50 in cash per Song ordinary and preference share and is offering holders of Song's convertible debentures 2002/2007 a cash amount corresponding to SEK 82.50 per underlying share as if tendered convertible debentures were exercised in full.
On September 29, 2004, Tele2 revised its initial offer. In summary Tele2 is offering SEK 85 in cash per Song ordinary and preference share and is offering holders of Song's convertible debentures 2002/2007 a cash amount corresponding to SEK 85 per underlying share as if tendered convertible debentures were exercised in full.
Presently there are no statements by the Board of Directors of Song as concerns TDC's new offer of September 28, 2004, or Tele2's revised offer of September 29, 2004. The Board of Directors will however in reasonable time before expiry of the respective acceptance periods in the two offers announce its opinion of the offers.
Solna October 5, 2004
Song Networks Holding AB (publ) The Board of Directors For further information, please contact: Kjell Nilsson, chairman of the Board of Directors of Song Networks Holding AB Mobile: +46 (0) 702 60 01 21
About Song Networks, (Stockholmsborsen: SONW)
Song Networks is a leading Nordic telecom operator. Based on its own infrastructure, Song Networks offers a wide range of data communication and telephony services within Sweden, Finland, Norway and Denmark. The company possesses leading-edge expertise within data communications, and focuses on delivering IP VPN and Internet Access services to business customers. Song Networks is a stable challenger of the former state-owned operators. Business customers are connected at competitive prices to the Group's DSL and fiber network, which offers high capacity and the best coverage in the Nordic region. Song Networks' main competitive advantage is the ability to offer efficient and technically advanced communications solutions in combination with a personal reception and top-quality customer service. The company was founded in 1995 and has approximately 860 employees. The head office is located Stockholm and the company has 23 offices located in the Nordic region. www.songnetworks.net
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