Tele1 Europe: Leading European Alternative Carriers Form Internet Peering and Interconnection Partnership

Tele1 Europe: Leading European Alternative Carriers Form Internet Peering and Interconnection Partnership Tele1 Europe Holding AB (to be changed to Song Networks Holding AB) (NASDAQ: TEUR, OM Stockholm Stock Exchange: TEUR), and leading European alternative network operators, CompleTel, Jazztel and Versatel Telecom, today announced that they have entered into a commercial partnership to exchange voice and Internet traffic through the interconnection of the companies' networks at a common interconnection point in London. Through this partnership, the companies intend to collectively pool their traffic in order to lower IP transit costs and international voice interconnection costs as well as develop additional network synergies. The network operators plan to leverage this partnership to develop new products and services such as pan-European IP-VPN (Virtual Private Network) services and may extend the interconnection points to include other major European cities. "Interconnecting our networks to exchange IP and voice traffic will produce tangible benefits immediately in the form of reduced costs for all four operators," stated William Pearson, Chairman of CompleTel. Antonio Carro, CEO of Jazztel commented, "Since we all have a presence in London today, it is relatively easy and makes sense for us to begin to work together." "The partnership will also explore other opportunities to work together to save costs and/or provide new and innovative services to our respective customer bases," remarked Ivar Strömberg, CEO of Tele1 Europe. CEO of Versatel Telecom, Raj Raithatha observed, "I believe that we will have the opportunity to expand this commercial relationship to several interconnection points over time and I would not be surprised if we had the opportunity to involve other alternative carriers from additional markets." As a result of the interconnection agreements, the combined coverage of the networks will extend to within reach of the majority of Western European business traffic, including that of Belgium, Denmark, Finland, France, Germany, The Netherlands, Norway, Portugal, Spain and Sweden. In these markets, the combined fiber footprint will span more than 15,000 km of backbone network and 6,100 km of local access extensions. Contacts: Tele1 Europe: CompleTel: Jazztel: Versatel: Ivar Strömberg Stefan Sater Andrew Hazell Mark Lazar +46-701-81-00-01 +33-1-72-92-20-43 +34-91-72-61-40 +31-20-750-1079 Cecilia Sally Luc Rosa Mar Mayoral Anoeska van Leeuwen Johansson +46-701-81-02-19 +33-1-72-92-20-31 +34-91-721-61-70 +31-20-750-1322 Tele1 Europe (Nasdaq & OM Stockholm Stock Exchange: TEUR) Tele1 Europe is a rapidly expanding data 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. Tele1 Europe is currently the only pan-Nordic data 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 go to www.tele1europe.com CompleTel Europe NV (ParisBourse: CTL; NASDAQ:CLTL) CompleTel is a facilities-based provider of fiber optic local access telecommunications and Internet services to business end-users, carriers and ISPs in France and Germany, with IPcenta IDC services in France, Germany and the UK. CompleTel serves over 650 business clients directly over its own fibre connections to their sites, with 1500 km of fibre local loop deployed in 7 cities in France and 4 cities in Germany. CompleTel employs over 850 staff. CompleTel offers voice, internet, data and broadband products ranging up to a successful Gigabyte LAN service, launched in 2000, which broke new ground in the French telecoms market. CompleTel is a publicly traded company on the Paris Stock Exchange and the Nasdaq National Market under the symbols "CTL" and "CLTL". Company information is available at www.completel.com Jazztel (Nasdaq, Easdaq: JAZZ and the Nuevo Mercado in Spain: JAZ) Jazztel plc is a rapidly expanding data and telecommunications operator with activities in Spain and Portugal. The company is investing in local access networks with broadband capacity to provide data, Internet and voice services to small and medium sized businesses. Jazztel is constructing networks in over 150 metropolitan areas and business parks. The local access networks, linked by a long-distance network, will constitute one of Europe's fastest telecommunication networks, with transmission capacities of up to 720 gigabits. Jazztel was founded in 1998 and has around 900 employees. It recently acquired CCS an IT integrator and Adatel, a telecommunications solutions integrator for SMEs. Jazztel holds nationwide fixed wireless access licenses in Portugal and Spain, in the last case through Banda 26, a subsidiary of the Group. The Jazztel Group had total revenues of Euro 124.4 million for the year 2000, a growth of 433.9% from 1999. For further information go to www.jazztel.com. Versatel Telecom International N.V. (Nasdaq & AEX: VRSA) Versatel, based in Amsterdam, is a rapidly growing, facilities-based, competitive local access broadband network operator focused on The Netherlands, Belgium and Northwest Germany. Founded in October 1995, the Company holds full telecommunications licenses in The Netherlands, Belgium and Germany and has over 57,000 business customers and 1,600 employees. Versatel operates a broadband network that uses the latest network technologies to provide business customers with high bandwidth voice, data and Internet services. Versatel is a publicly traded company on the Amsterdam Stock Exchanges and Nasdaq National Market under the symbol "VRSA". News and information are available at www.versatel.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/17/20010517BIT00060/bit0001.doc http://www.bit.se/bitonline/2001/05/17/20010517BIT00060/bit0001.pdf