Song Networks launches business solution for IP telephony

Song Networks launches business solution for IP telephony Stockholm 24 September 2001 Song Networks Holding AB (NASDAQ: SONW, Stockholm Stock Exchange: SONW) announced that on the Networks Telecom trade fair, 24 September, Song Networks launches the first net-based telephony and switchboard service over IP (Internet Protocol) on a large scale on the Swedish and Finnish market. The service is going to be introduced during the autumn and is named Hosted IP PBX and will initially be aimed to companies with small and mid-sized offices. Song Networks is now launching Hosted IP PBX in Sweden and Finland. Test customers are already buying the service in Finland, and the service is due for launch in Norway and Denmark in the first half of 2002. "We are proud to be the first on a large scale to offer integrated telephony and switchboard services based on IP to businesses in the Nordic region. Delivering advanced IP services requires that the operator can control quality and capacity on the access network all the way to the customer. Song Networks has an advantage over other operators because we have our own Nordic network. The company is constructing networks in the 80 largest cities in the Nordic region," says Ivar Strömberg, CEO, Song Networks. Hosted IP PBX contains a virtual switchboard function, voice mail, a web- based user interface and administration tool. The company only needs a single connection for both telephony and data. Both ordinary analog telephones and IP telephones can be used. The initial investment is low, maintenance is simpler and internal calls between offices are free of charge. "Voice quality is just as good as with traditional telephony (PSTN) now that the technology is mature and we have our own highly advanced IP network, which means that we can control the entire connection and therefore its quality," says Anita Paulson, product manager at Song Networks AB. Users have the same interface and functions no matter where they work, which makes distance working easier. The telephone connection is not linked to a desk in the traditional manner, which encourages flexible office solutions. "The market for integrated telephone and data services will expand strongly in coming years, because it is both cost-effective and flexible to use IP telephony. Integration between data and voice enables many exciting functions." says Ivar Strömberg. For pictures of the interface and other illustrations, please visit: http://www.songnetworks.net/o.o.i.s/175 For further information, please contact: Song Networks AB Song Networks Holding AB Ivar Strömberg, CEO Jenny Moquist, Investor Mobile: +46 701-810001 Relations Manager E-mail: Mobile: +46 701-810219 ivar.stromberg@songnetworks E-mail: .net jenny.moquist@songnetworks.net Song Networks Oy Ari-Jussi Knaapila Mobile: +358 44 311 2310 E-mail: ari- jussi.knaapila@songnetworks .fi About Song Networks, the former Tele1 Europe, (NASDAQ: SONW, Stockholm Stock Exchange: SONW) Song Networks is a rapidly expanding data, internet and telecommunications operator with activities in Sweden, Denmark, Finland and Norway. The company provides broadband solutions for data, internet and voice, to large and mid-range businesses in the Nordic region. Song Networks is currently the only pan Nordic data, internet and telecommunications 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 and has approximately 1,200 employees. The head office is in Stockholm and there are an additional 24 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. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/24/20010924BIT00060/bit0001.doc http://www.waymaker.net/bitonline/2001/09/24/20010924BIT00060/bit0001.pdf