Teligent applies for bankruptcy
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[October 31, 2008]

Teligent applies for bankruptcy

Oct 31, 2008 (Hugin via COMTEX) --
The company reorganisation has now come to an end and we have managed
to sell off the majority of the company's businesses. Considering the
present situation where a significant number of the company's
creditors are against a prolongation of the company reorganisation,
the Board has decided to submit an application for bankruptcy to the
Sodertorn District Court.
"It is positive that we under the present circumstances have managed
to sell off large parts of Teligent's business during the
reorganisation process, and that we consequently have secured the
survival of these businesses as well as the customers' investments
and a number of jobs", says Jan Rynning, Chairman of the Board.
We anticipate that the remaining parts of the business will be sold
shortly.
For more information, please contact
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. The company's solutions are currently
utilised in various configurations by a large number of leading
carriers worldwide, including BT, MTS, Maroc Telecom, SingTel, SMART,
Telenor, TeliaSonera, Verizon and Vodafone. For more information,
please visit www.teligent.se
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
SOURCE: Teligent AB

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