STOCKHOLM, Sweden, May 29, 2002 (PRIMEZONE) -- Song Networks Holding AB (Nasdaq:SONW) (Stockholmsborsen:SONW) today announced that Song Networks AS, Song Networks' Norwegian subsidiary, has won a 5-year contract for the operation of Visma Provider's ASP platform. The parties have also signed a framework agreement for the supply of infrastructure and communication services for a period of 3 years. With the growth that Visma Provider is anticipating, the value of the contract comes to around SEK 49 million.
Visma Provider, a company in the Visma group, supplies ASP solutions to markets in the Nordic countries and Great Britain. This contract means that Visma Provider's ASP platform, which links companies within the Visma group, their Norwegian and overseas partners and customers into a common infrastructure, will be run and monitored through Song Networks' secure DataCenter in Oslo.
The solution is scalable and customized for Visma Provider's growth forecasts. The delivery of infrastructure is exclusive, comprising an IP/VPN network and services to Visma's ASP platform.
"The contract with Song Networks has a long-term perspective and our goal is to grow together," said Nils Jakob Kringlebotn, Managing Director of Visma Provider. Song Networks was able to offer a scaleable and flexible solution to run our ASP platform. Security is very much the focus of our services, and this is very well managed by Song Networks' solution. Their IP/VPN service portfolio was also the most comprehensive," added Kringlebotn.
"The contract with Visma Provider is strategic to Song Networks, and goes hand in glove with our core areas. Also, in our partnership, we have placed the emphasis on defining clear areas of responsibility and dividing duties between the parties. We are doing our utmost to meet Visma's needs for flexible custom-made solutions," said Ketil Kivedahl, Managing Director of Song Networks AS.
For further information, please contact: Song Networks AS Ketil Kivedahl, Managing Director Phone: +47 21 50 24 50 Mobile: +47 400 00 450 ketil.kivedahl@songnetworks.no Song Networks AS Lill Jakobsen, Head of PR Phone: +47 21 50 24 02 Mobile: +47 400 00 402 lill.jakobsen@songnetworks.no Song Networks Holding AB Jenny Moquist, Investor Relation Manager Phone: +46 8 5631 0219 Mobile: +46 701 810 219 jenny.moquist@songnetworks.net
About Song Networks, formerly Tele1 Europe, (Nasdaq:SONW), (Stockholmsborsen:SONW) Song Networks is a rapidly expanding data and telecommunications operator with activities in Sweden, Denmark, Finland and Norway. The Company provides comprehensive solutions for data, internet, hosting and voice, to businesses in the Nordic region. Song Networks is currently the only pan Nordic operator investing in local access networks with broadband capacity. The Company has built local access networks in the largest cities in the Nordic region. The access networks, which are linked by a long-distance network is one of the fastest data and internet super-highways in Europe, with an initial capacity for customers of up to one gigabit. The Company was founded in 1995 in Sweden and has approximately 1,000 employees. The head office is located in Stockholm and there are an additional 34 offices located in the Nordic region. For further information, please visit our website at www.songnetworks.net
Certain statements contained in this press release contain "forward- looking statements" within the meaning of the U.S. federal securities law. Such statements are based on the current expectations of the management of Song Networks Holding AB only, and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, adverse regulatory, technological or competitive developments; decline in demand for the company's services or products; inability to timely develop, introduce and market new technologies, products and services; pricing pressures resulting from competition; unforeseen construction delays; and the inability to successfully manage systems failures or shutdowns and service interruptions or reduced services to customers. For a more detailed discussion of such risks and uncertainties affecting the company, please refer to Song Networks Holding AB's reports that are filed from time to time with the U.S. Securities and Exchange Commission, including the company's annual report on Form 20-F and reports on Form 6-K.
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