SOURCE: Telio Holding ASA

June 16, 2008 02:47 ET

Information regarding ecom court trial

OSLO, NORWAY--(Marketwire - June 16, 2008) - As previously announced, the court trial regarding the ecom case between Telio Telecom AS and Telio SA on one hand and the Ministry of Communication and Transportation on the other was supposed to commence today 16 June 2008. Based on recent developments and a proposal from the judge to postpone the case, an agreement is reached between the parties where the court trial is put on hold for 6 months. In Telio's opinion, the recent developments are in favor of Telio Telecom AS and Telio SA and the companies are looking forward to have the issue settled before year-end.

Mr. Eirik Lunde, CEO
Telephone:+47 23 62 66 88. Mobile: +47 48 09 69 64

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