STOCKHOLM, Sweden, Jan. 15, 2002 (PRIMEZONE) -- Song Networks Holding AB (Nasdaq:SONW) (Stockholmsborsen:SONW) is pleased to announce that Song Networks Oy in Finland and the Finnish Defense Forces have signed an IRU agreement whereby the Finnish Defense Forces will hire fiber transmission capacity from Song Networks' own fiber network for 15 years. The value of the agreement is approximately EUR 1.2 million.
Furthermore, Song Networks will also expand the Finnish Defense Forces' own PBX network (telephony services network). "Signing an agreement with a new provider encourages healthy competition on the market. It also ensures more extensive possibilities in utilizing our communications network," says Eija Pekkarinen, Head of the Commercial Team at the Finnish Defense Forces.
"Song Networks has made a comprehensive investment in our own optic fiber network. Having our own fiber network means we can also provide the capacity for demanding and critical requirements. We are very happy to start this long-term co-operation with the Finnish Defense Forces," says Olli Nuuttila, the acting MD of Song Networks Oy.
For further information, please contact:
Song Networks Oy The Finnish Defence Forces
Olli Nuuttila, acting MD Eija Pekkarinen, Head of
Commercial Team
Phone: +358 30 994 2410
Mobile: +358 44 994 2410 Phone: +358 9 181 35130
olli.nuuttila@songnetworks.fi Mobile: +358 40 557 0305
Song Networks Holding AB
Jenny Moquist, Investor Relations Manager
Phone: +46 8 5631 0219
Mobile: +46 701 810 219
jenny.moquist@songnetworks.net
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 broadband 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 is constructing networks in the 80 largest cities in the Nordic region. The access networks, which are linked by a long-distance network, will be 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 1,200 employees. The head office is in Stockholm and there are an additional 31 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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