Name change completed: Tele1 Europe becomes Song Networks

Name change completed: Tele1 Europe becomes Song Networks In accordance with the decision at April's AGM, the change of name from Tele1 Europe Holding AB to Song Networks Holding AB (NASDAQ: TEUR, Stockholm Stock Exchange: TEUR) has now been registered at Sweden's Patent and Registration Office. Song Networks' ticker on the Stockholm stock exchange and Nasdaq will change from TEUR to SONW starting on 21 June. The Group's subsidiaries in Denmark, Finland, Norway and Sweden changed their names in April. The decision to change the name of the parent company, Tele1 Europe Holding, was taken at the Annual General Meeting held on 16 May 2001. The change in the name of the parent company, from Tele1 Europe Holding AB to Song Networks Holding AB, means that the name change process has now been completed. Further information, please contact: Song Networks Holding AB Cecilia Johansson, Investor Relations Phone: +46 8 5631 0219 Mobile: +46 701 810 219 E-mail: cecilia.johansson@songnetworks.se About Song Networks (former Tele1 Europe) (NASDAQ: TEUR, OM Stockholm Stock Exchange: TEUR) 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 Network 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 around 1000 employees. The head office is in Stockholm and there are an additional 24 offices located in the Nordic region. For further information: www.songnetworks.net ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/18/20010615BIT00720/bit0001.doc http://www.bit.se/bitonline/2001/06/18/20010615BIT00720/bit0001.pdf