STOCKHOLM, Sweden, Dec. 23, 2002 (PRIMEZONE) -- Song Networks Svenska AB, the Swedish subsidiary of Song Networks Holding AB (Stockholm:SONW) (Other OTC:SONWF), has extended an agreement with Scandic Hotels for fixed telephony. The agreement comprises telephony traffic and switchboards to 69 of Scandic's hotels in Sweden. The value of the agreement is approximately SEK 92 million over 4 years.
Scandic Hotel has had Song as supplier of fixed telephony for 4 years and has now chosen to extend the collaboration. Song delivers a complete voice solution that connects the hotels' switchboards and establishes a VPN (virtual private network) to which all telephony traffic goes through.
In June 2002 Scandic Hotel also chose Song as supplier of data communication to its 136 hotels and offices in the Nordic region and the Baltic States. The solution is based on Song's IP/VPN service, which is supplied via Song's own Nordic broadband network
For further information, please contact: Song Networks Svenska AB Song Networks Svenska AB Mats Almgren, sales director Tobias Gyhlenius, press service Tel.: +46 (0)8-5631 02 40 Tel.: +46 (0)8-5631 05 27 Mobile: +46 (0)701-810 240 Mobile: +46 (0)701-810 527 E-mail: E-mail: mats.almgren@songnetworks.se tobias.gyhlenius@songnetworks.se Scandic Hotels Morten Hansen, IT-director Tel: +46 (8)517 350 75 Mobile: +46 (0)709- 73 50 75 E-mail: morten.hansen@scandic-hotels.com
About Song Networks (Stockholm:SONW) (Other OTC:SONWF), formerly Tele1 Europe, 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 has built local access networks in the largest cities in the Nordic region. The Company was founded in 1995 in Sweden and have approximately 975 employees per September 30. The head office is located in Stockholm and there are an additional 34 offices located in the Nordic region. www.songnetworks.net
About Scandic Hotels,
Scandic Hotels is the Nordic countries' leading hotel chain, with 141 hotels in 9 countries, and is owned by Hilton International. Hilton International currently runs over 380 hotels in over 60 countries, and is part of the London-based Hilton Group plc, which together with Hilton Hotels Corporation, based in Beverly Hills, markets the Hilton brand, the world's best-known hotel brand. Together they offer over 2,400 hotels all over the world. Further information at www.hilton.com, www.scandic-hotels.com
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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