Teligent and Trio sign cooperation agreement

2006-06-27, At present, Teligent owns 89.5 percent of the Trio shares and has signed an agreement to acquire another 6.5 percent of the company, conditioned by a formal decision at the Extraordinary Shareholders’ Meeting to be held on July 5th. To be able to benefit from commercial synergies as soon as possible, an agreement formalising the companies’ cooperation has been established. The agreement will hold until the formal integration of Trio into the Teligent operations is completed.

The agreement between the companies is established with arm’s length terms, corresponding to existing retailer agreements. The agreement will enable joint sales efforts and facilitate the initiation of the adjustment of products to provide a common customer offer.

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Teligent is an innovative player in the value added services segment of the telecom industry. Teligent offers carriers and service providers advanced, comprehensive and flexible solutions in order to increase network usage and revenue streams.

The company is listed on the Stockholmsbörsen (Stockholm Stock Exchange). Teligent is established with offices in Brazil, France, Germany, Malaysia, the Middle East, Morocco, Philippines, Russia, Scandinavia, Singapore, Spain, UK and USA. The company has its head office in Nynäshamn (Stockholm), Sweden.

Contact Information

Tomas Duffy

CEO & President

Teligent AB

Contact via E-mail