Teligent implements a reconstruction of the company

Teligent has during 2008 implemented a number of activities to create
prerequisites for profitability. The major loss making projects has
been renegotiated with the purpose to limit Teligents future
commitments and create a positive cash flow. These renegotiations has
been successful and critical to Teligents survival

The Company has, during the spring, discussed future financing of the
group with creditors and major shareholders. At the end of last week
it was evident to the Board that these discussions to increase
Teligents credit line had failed. The Board has therefore decided to
apply for a reconstruction in line with the Swedish law about
reconstruction of companies. The Board's view is that a capital
injection from its shareholders will be needed for a successful
reconstruction of the Company. As of today no external payments will
be done from Teligent AB. One activity to be performed under the
reconstruction is negotiations to reach an accord with Teligents
suppliers to limit the company's liabilities.

It should be noted that it is only the "parent company" Teligent AB
being directly impacted by the reconstruction process. The intension
is that all subsidiaries generating its own cash flow will continue
its business as usual under the reconstruction, one of them being
Trio Enterprise, an expanding, profitable and stable part of
Teligent. In summary it is the ambition of the Board, management and
the appointed reconstructor to implement the reconstruction plan
rapidly with minimal impact on ongoing customer deliveries"This is an opportunity for Teligent, to in an efficient way
implement necessary actions, to create a balanced financial
situation. A reconstruction improves our position in renegotiating
Teligents existing comittments" says Jan Rynning, chairman of the
Board.



For further information


Jan Rynning
Styrelsens ordförande
Teligent AB
Tel. +46 8 520 660 00