Teligent acquires VoIP technology

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Teligent acquires VoIP technology As of 18 November, Teligent AB acquired the assets and liabilities of e- horizon AB and e-horizon Streaming Technologies AB for SEK 200,000, plus a possible additional purchase amount dependent on the development of future sales. In conjunction with this acquisition, Teligent takes over all of e-horizon's intangible rights, which primarily refer to IP technology. There is no goodwill arising from the acquisition. e-horizon Streaming Technologies AB was founded in October 2000 and since that time has focused its operations entirely on the development of leading technology for NGN (Next Generation Networks). All of the company's technology is designed for the Teligent P90/E platform architecture. - Cooperation with e-horizon has increased during the year and e-horizon has based its development work on our Teligent P90/E middleware. In this context, the acquisition is a natural step as the IP area is increasingly important for our target group, the telecom operators, says Ulf Lindstén, President and Chief Executive Office of Teligent AB. On the basis of this acquisition we obtain advanced IP competence but also, and of primary importance, access to technology specifically adapted to our service development platform, without the necessity of large investments. All Teligent deliveries are based on the middleware platform, Teligent P90/E, which is implemented in various configurations by a large number of leading carriers in the international telecommunications market, including AT&T Wireless, BT, Telefónica, Telia, Tele2 and members of the Vodafone group. For further information, please contact: Ulf Lindstén, CEO & President, Lars Alm, CFO Teligent AB Teligent AB Tel. +46-8 520 660 50 Tel. +46-8 520 660 16 ulf.lindsten@teligent.se lars.alm@teligent.fr About Teligent Teligent develops, markets and sells advanced value added services for telecommunications networks. The services and applications provided by the company are based on the generic service development platform, the Teligent P90/E. Teligent's solutions are currently utilised by leading telecom operators, for example AT&T Wireless, BT, Cingular, Maroc Telecom, T-Mobile USA, Telefónica, Tele2, Telia and members of the Vodafone group. Teligent was founded in 1990 and has been listed on the Stockholmsbörsen (the Stockholm Stock Exchange) since 1999. With offices throughout the Americas, Asia/Pacific, Europe and the Middle East as well as international partnerships, the company combine global reach with expertise in local market requirements. Teligent has approximately 285 employees and in 2002 generated an income of SEK 250,000,000. For further information please visit www.teligent.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/11/19/20031119BIT00100/wkr0002.pdf

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