LAMBDANET RESTRUCTURES OPERATIONS AND MANAGEMENT * New Structure Better Reflects Business Objectives and Opportunities

HANNOVER (Germany) August 23 (/PROTEXT/ots) - LambdaNetCommunications, a leading European supplier of networktelecommunications services, today announced that it hasrestructured its operations and management organization to betterreflect its business objectives and opportunities in themarketplace. The announcement is part of an overall plan toadopt a more customer-focused sales and marketing brand positionin the marketplace.

"LambdaNet has been an engineering-driven company since itsinception three years ago," said Bernie Smedley, CEO of LNGHoldings SA, the parent company of LambdaNet and acting CEO ofLambdaNet companies in France and Spain. "This first-stage focushas enabled us to build one of the most powerful networks inEurope that extends more than 22,000 kilometers, connecting 104cities in 10 countries and servicing more than 180 customers. Aswe expand our marketing and sales efforts - which is focused onserving national European markets - to include North America andAsia, we must realign our organization to take better advantageof these new challenges and opportunities."

The restructuring includes a realignment of existingexecutives, the appointment of a new COO and Managing Directorand a renewed operating structure that provides more autonomy toLambdaNet in-country operations.

* Mikel Williams has been appointed as LambdaNet COO andManaging Director of New Business Development in France andSpain. Mr. Williams brings tremendous experience andunderstanding of the global telecoms marketplace having heldsenior-level financial and operational positions with GlobalTeleSystems Inc. (GTS). While at GTS, Williams served as SeniorVice President of Ebone Sales and President of GTS BroadbandServices and Wholesale Services.Personnel changes within LambdaNet Germany include:

Joachim Piroth and Bjoern Claassen will serve as co-managingdirectors of LambdaNet Germany in addition to their currentpositions as LambdaNet Germany CFO and CMO respectively. Inaddition, Mr. Claassen will work closely with Mikel Williams tobuild a new pan-European sales & technical support team toconcentrate on cross-border, trans-Atlantic and trans-Pacificsales. Additionally LambdaNet will expand its regional salesteams across Germany, France and Spain to support increased salesand marketing efforts.

As a result of a decentralized organization with greaterfocus on marketing, sales and sales support, Dr. Dieter Finke,formerly CEO of LambdaNet Group, has decided to pursue other non-carrier interests. He will remain a member of the advisory boardof LambdaNet Germany.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 the most powerful and closely woven networks in Europe,servicing more than 180 customers. Additionally, LambdaNetoperates Metropolitan Area Networks (MAN) in eight Europeancenters of business, including Paris, London, Amsterdam, Madrid,Vienna, Frankfurt, Düsseldorf and Hamburg.

LambdaNet Group offers traditional transport services(wavelength, bandwidth and collocation services) and delivershigher value services that include advanced IP transport (IPTransit, Virtual Private Networks). For more information, pleasevisit www.lambdanet.net.ots Original Text Service: LambdaNetInternet: http://www.presseportal.deFor more information, contact:Katharina SiebertPhone: +49 511-8488-1120Fax:

+49 511-8488-1129E-mail: katharina.siebert@lambdanet.net

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