Tele1 Europe acquires expert team in Finland

Tele1 Europe acquires expert team in Finland Tele1 Europe (TEUR) today announces its acquisition of the Finnish company Majeston Oy, providing it with a specialist sales and distribution team for data and telecommunication services within Northern Finland. These additional resources are required to meet the needs of Tele1 Europe's customers following the company's rapid expansion of its broadband network in Scandinavia's high business density areas. Ivar Strömberg, CEO Tele1 Europe Holding AB said: We are delighted to welcome the new team. They will strengthen our competitiveness within the Finnish network coverage area and provide us with an established sales and distribution channel for large and medium sized businesses in the region. Majeston Oy is based in Oulu, Finland and has eighteen employees. Its turnover in 1999 was approximately 25 million FIM. For more information, please contact: Tele1 Europe Holding AB Cecilia Johansson, Investor Relations Phone: +46 8 5631 02 19 Mobil: 0701-810040 E-post: cecilia.johansson@tele1europe.se Tele1 Europe in Finland Oy Ari-Jussi Knaapila, Managing Director Phone: +358 9 2311 2310 Mobile: +358 40 759 1610 E-mail: ari-jussi.knaapila@tele1europe.fi About Tele1 Europe Tele1 Europe is a fast-growing data and telecommunications operator with interests in Denmark, Finland, Norway and Sweden. The group's business concept is to offer broadband solutions for data, telephony and the Internet to large and medium-sized business and organisations in the Nordic countries. Tele1 Europe is currently the only Nordic data- and telecommunications operator investing in local access networks with broadband capacity. This construction is taking place in the nine largest cities in the Nordic countries. The access networks, which are linked together with a long-distance network, will be Europe's fastest super highways for data and Internet traffic with an initial capacity for customers of up to one gigabyte. Web-adress: www.tele1europe.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/11/20000411BIT01130/bit0001.doc http://www.bit.se/bitonline/2000/04/11/20000411BIT01130/bit0002.pdf