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Teligent AB The board announces today that financing discussions regarding Teligent is still ongoing. Earlier the board judged these discussions to be ended during May. Previously the Company announced that we were still negotiating the final agreement on one of our major difficult projects. This negotiation has taken longer than anticipated, but a conclusion is expected shortly. Management judge, that a conclusion of this negotiation is a prerequisite to find a long term solution to Teligent financing.
"Our present opinion is that all question marks regarding the financing of Teligent will be answered during June" says Jan Rynning, chairman of the board.
For further information:
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. All solutions are based on the generic Teligent Application Server - a true single platform concept for convergent service development and conforming to the 3GPP IP Multimedia Subsystems (IMS). The company's solutions are currently utilised in various configurations by a large number of leading carriers worldwide, including BT, Deutsche Telekom, MTS, Maroc Telecom, SingTel, SMART, Telenor, TeliaSonera, Verizon and Vodafone.
