Ari-Jussi Knaapila appointed COO of Song Networks.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Dec. 19, 2001 Song Networks Holding AB (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SONW)(Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. :SONW.) announce today that Ari-Jussi Knaapila will become Chief Operational Officer for Song Networks Holding AB. Knaapila has been MD of Song Networks' Finnish subsidiary since it was set up in 1999, as well as Vice President for Products and Services for the Group since the beginning of 2001. Ari-Jussi Knaapila, 42, has been appointed COO (Cell Of Origin) See mobile positioning. of Song Networks Holding AB, taking charge of the Nordic Group's operations and reporting to the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Ivar IVAR Instance Variable (Objective C) Stromberg. Olli Nuuttila, the Deputy Managing Director of Song Networks Oy, will be the acting Managing Director of the Finnish operations. Knaapila has successfully built up Song Networks' operations into the number two operator on the Finnish corporate market. The Finnish operation was the first in the Group to achieve positive adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become , doing so in Q3, 2001. Before Song Networks, he set up the Finnish activities of Telenordia. Knaapila started his career in IT related business, and has worked for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Unisys among others. "Over the past two years Song Networks has cemented its position as the leading alternative broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). operator in the Nordic market. We are ready to meet the challenges set for us by our customers and the financial market," said Knaapila. "A-J A-J Anti-Jam Knaapila has been a vital part of corporate Group management since he joined us in 1999, and I am happy to have him in charge of the Nordic operations as a whole. Together we will continue the work to make Song Networks the number one broadband operator, striving for excellence in the services we provide our customers with," said Ivar Stromberg. About Song Networks, the former Tele1 Europe, (NASDAQ:SONW) (Stockholm Stock Exchange: SONW.) Song Networks is a rapidly expanding data and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. operator with activities in Sweden, Denmark, Finland and Norway. The company provides broadband 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 is constructing networks in the 80 largest cities in the Nordic region. The access networks, which are linked by a long-distance network, will be one of Europe's fastest data and internet super-highways with an initial capacity for customers of up to one gigabit. The company was founded in 1995 in Sweden and has approximately 1,200 employees. The head office is in Stockholm and there are an additional 31 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. Note to Editors: This press release is also accessible online at www.waymaker.net. |
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