LAMBDANET GROUP ANNOUNCES PLANS TO MARKET FIBRE OPTIC NETWORK AND SERVICES TO U.S. CARRIERS

HANNOVER (Germany), June 27 (PROTEXT/ots) - Company Owns andOperates One of Europe's Most Dense, Pervasive Networks -Providing Quality Alternative to KPN/QwestSales Executive Appointed to Lead U.S. Sales and MarketingEfforts

LamdaNet Group, a subsidiary of LNG Holdings SA, todayannounced plans to market its extensive network reach, broadbandcapacity and carrier services experience to U.S.telecommunications companies. The company will target U.S.carriers that either have gaps in their own European coverage ordo not have a European network - yet have multi-nationalcustomers with operations in Europe.

LambdaNet Group operates one of the most dense, pervasivefiber optic networks in Europe (22,000 km) with a footprint thatextends to 104 cities in 10 countries, servicing more than 170telecommunications customers. The LambdaNet network is fullyoperational in Germany (23 cities), France (17 cities) and Spain(56 cities) with several connections to major cities such asLondon, Brussels, Amsterdam, Lisbon and Copenhagen and Vienna.Prague will soon be integrated into the network.

The LambdaNet network is ranked among the top 3 networks inEurope with dense footprints especially in Germany, France andSpain. Its European customer base is stable, serving a broadrange of telecommunications operators (telcos, voice/access,mobile, ISP, ASP and CATV) including Vodaphone D2, Cable &Wireless and Telia. In recent days, LambdaNet has acquired morethan 20 KPN/Qwest customers who were facing possible network lossas a result of that company's bankruptcy filing. LambdaNet -known for superior customer service - was able to implement manynetwork replacement connections within a few minutes and entirenetworks in a few days.

"We are singularly focused on becoming the leading carrierservices operations in Europe and around the globe," said BernieSmedley, Chairman and CEO of LNG Holdings SA. "We have assembleda compelling set of advantages over our competitors: anextensive, fully built-out fiber optic network; revenues thathave doubled year-over-year; strong backing from our bankers,suppliers, and vendors; and an experienced management team."U.S. Presence

Alex Keiserman has been appointed Vice President of Sales andMarketing for the Americas. Keiserman brings experience andunderstanding of the US and European marketplace having heldsenior positions with Storm Telecommunications, Extant (currentlyDynegy) and MCI WorldCom. He is responsible for all salesoutreach efforts and for extending the Lambdanet brand to theU.S., Canadian and Latin American markets.

"I'm very pleased to be leading sales and marketing effortsfor LambdNet Group in the Americas" said Alex Keiserman. "Inless than three years, LambdaNet has emerged as a leading brandand supplier of network-level communications services in Europe.For telecommunications carriers, ISPs and other network providersseeking technical excellence, affordability, and customer-focusedservice, LambdaNet will become the European partner of choice."Added Smedley, "Establishing a presence in one of the world'smost important telecom markets is a pivotal step in our overallstrategic plan to build a premier company and brand. Throughdisciplined capital deployment, prudent cost-cutting measures anda cautious view of the marketplace, we have been able to weatherthe volatile environment currently gripping the industry. Withthe addition of Alex to our team, we look forward to establishinglong-standing relationships with North and Latin Americancarriers seeking a reputable partner with an extensive networkfootprint in the European market."About LNG Holdings SA

LNG Holdings SA has its headquarters in Luxembourg. Thecompany - including its Hannover-based LambdaNet Group - employsmore than 250 people in Europe, with the majority of employees inGermany, France and Spain.About the LambdaNet Network

Connecting key European data centers and 104 cities in 10countries, LambdaNet's 22,000-kilometer fiber and IP network isone of th emost powerful and closely woven networks in Europe,servicing more than 170 customers. Additionally, LambdaNetoperates Metropolitan Area Networks (MANs) in eight Europeancenters of business, including Paris, London, Amsterdam, Madrid,Vienna, Frankfurt, Dusseldorf and Hamburg.

The LambdaNet Group had positive financial results in 2000and also in 2001, despite mid-year start-up operations in Franceand Spain and the current market conditions.

LambdaNet Group offers traditional transport services(wavelength, bandwidth and collocation services) and delivershigher value services that include advanced IP transport (IPTransit, Virtual Private Networks).ots Original Text Service: LambdaNet GroupInternet: http://www.presseportal.deCONTACTSU.S.:Marianne Steiner:518 537 5592msteiner@valstar.netEUROPE:Katharina Siebert+49 511 84 88 1120katharina.siebert@lambdanet.net

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