2008-03-13

Agreement with creditors finalized

The management for Teligent AB (publ) informs that an agreement has been established with creditors regarding the long-term financing of the company. This agreement implies that the company's possibility of securing all required, long-term financing is notably facilitated.

The management of Teligent also confirm that concrete and constructive discussions are underway regarding the manner in which the major loss-making projects are to be concluded and how future work with these clients is to be organised. The CEO, Henrik Sund, states: "We are currently engaged in a number of negoiations and some of the negotiations are already completed whilst others remain to be finalised. The major implications of these agreements have resulted in a limitation of Teligent's future commitments, the speeding up of incoming cash flows and discussions regarding additional orders."

CEO, Henrik Sund, notes: "The current and finalised negotiations with creditors and clients is seen as a trend break. Our assessment is that these negotiations will be finalized during April."

Information about the company: Teligent AB