Tele1 Europe gains strong position in the Danish Internet-market

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Tele1 Europe gains strong position in the Danish Internet-market The fastest growing telecommunications operator in the Nordic region, Tele1 Europe, is expanding its business operation through the acquisition of the Danish Internet operator Euroconnect A/S. The company is one of Denmark´s most important suppliers of Internet and datacommunications services to the business market. The addition of Euroconnect provides Tele1 Europe with one of Denmark´s largest transmission networks which is used on a daily basis by more than thousand companies with several hundred thousands users. - "The acquisition of Euroconnect demonstrates yet again our resolve and determination to be a leading supplier of communication services to Nordic business customers. We already have a strong position in telephony services and the addition of Euroconnect constitutes a significant expansion of our range of services with Internet and datacommunication services in Denmark", states Ivar Strömberg, Group Chief Executive of Tele1 Europe. - "We have thereby become an excellent alternative to Tele Denmark for Danish business. We expect that many Danish companies will rapidly accept our offer to better and more cost effective telephony, datacommunication and Internet services, supplied via Tele1 Europe´s and Euroconnect´s nation-wide communication network", adds Ivar Strömberg. Euroconnect gains access via Tele1 Europe to a Nordic fibreoptic trunk network and can thereby offer its customers additional high-speed connections and price reductions for the existing data connections in the Nordic region. Euroconnect A/S will continue its activities as before and will be a wholly-owned subsidiary of Tele1 Europe. For more information, please contact: Ivar Strömberg, Group Chief Executive Tele1 Europe Holding AB tfn +46 8 56310001 _________________________________________________________________ Tele1 Europe is a telecommunications operator (CLEC, Competitive Local Exchange Carrier) with a Nordic network with digital exchanges. The business concept is to offer complete communication services to medium- sized and major companies and organisations in the Nordic region. Tele1 Europe has offices in Stockholm, Gothenburg, Malmö, Örebro, Copehagen, Aarhus, Oslo, Bergen and Helsinki. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/10/06/20000228BIT00990/bit0001.doc http://www.bit.se/bitonline/1999/10/06/20000228BIT00990/bit0002.pdf