Teligent AB's Russian business sold

On 30 September 2008, the Board of Teligent AB sold its Russian
business. During the first six months of the year, the Russian
business had a turnover of MSEK 24,1 and reported a positive
contribution of MSEK 5,3.

Teligent has for a long time endured profitability problems and
despite measures taken, it has not been possible to secure the
necessary financing for the company. The Parent company is therefore
currently undergoing a company reorganisation according to the law on
Company Reorganisations. The Board's strategy is to sell the
different business entities and subsequently carry out a public
composition. The sale of the Russian business is part of this
strategy. The Board's strategy is supported by the company's
creditors.

The Board's objective is to avoid bankruptcy through carrying out a
public composition with the company's creditors. The Board is also
keen that an eventual de-registration from the Stock Exchange is not
executed until a new business for the company has been identified."Under the present circumstances, the current strategy is in our view
the best way to secure as many jobs as possible and provides the best
basis for our creditors to receive as large dividends as  possible on
their outstanding claims and naturally also, to the extent possible,
for saving value for the shareholders", says Jan Rynning, Chairman of
the Board.


For more information, please contact

Jan Rynning
Chairman of the Board
Teligent AB
Tel. +46 8 520 660 00



About Teligent
Teligent (TGNT, Stockholm Stock Exchange) is a global supplier of
value added services to
telecommunications carriers. The offering includes e.g. traditional
and Next Generation Messaging
and advanced IN solutions supporting data capabilities, such as
Mobile Office/IP Centrex, Mobile
Prepaid and Mass Calling. The company's solutions are currently
utilised in various configurations by a large number of leading
carriers worldwide, including BT, MTS, Maroc Telecom, SingTel, SMART,
Telenor, TeliaSonera, Verizon and Vodafone. For more information,
please visit www.teligent.se