COMUNICADO DE LAMBDANET COMMUNICATIONS

Dieter Finke to drive business development at LNG Holdings S.A.

HANNOVER (GERMANY), 15 (OTS)

LNG Holdings S.A., the parent company of LambdaNet

Communications, a leading European supplier of network

telecommunications services, today announced that Dr. Dieter Finke is

to resume a consultancy role this month after a six-month sabbatical.

Dieter, who was CEO of LambdaNet until August 2002, will report

into Bernie Smedley, CEO, LNG Holdings. He will be responsible for

new business development, market analysis and special projects for

LNG across Europe. He will also sit on the Advisory Board of the

German operation.

His appointment supports the ongoing restructuring of LNG, its

operations and management organisation, to better reflect its

business objectives and opportunities in the marketplace. The

announcement is part of an ongoing plan to adopt a more

customer-focused sales and marketing position in Europe.

"It is great to have Dieter on board," said Bernie Smedley, CEO

of LNG Holdings SA, the parent company of LambdaNet and acting CEO of

LambdaNet companies in France and Spain. One of Dieter"s tasks was

the planning of the LambdaNet network and overseeing the physical

construction of more than 22,000 kilometers of infrastructure

connecting 104 cities in 10 countries."

"It was always my intention to support LNG in its future business

activities. In the period that I have been away, LNG has continued to

thrive and I am keen to continue this growth by maximise revenue

earning opportunities from both existing and new customers," said

Dieter Finke, Consultant, LNG Holdings.

"It is now my focus to take LNG to the next stage of success.

Over the last three years it has built a large and stable customer

base. It is now the time to approach new markets, new products and

new partnerships."

About LNG Holdings SA

LNG Holdings SA has its headquarters in Luxembourg. The company -

including its Hannover-based LambdaNet Group - employs approximately

250 people in Europe, with the majority of employees in Germany,

France and Spain.

About LambdaNet Communications

Connecting key European data centres and 104 cities in 10

countries, LambdaNet"s 22,000-kilometer fibre and IP network is one

of the most powerful and closely woven networks in Europe, servicing

more than 230 customers. Its European customer base is stable,

serving a broad range of telecommunications operators (telcos,

voice/access, mobile, ISP, ASP and CATV) including Vodafone D2, Cable

& Wireless and Telia. Additionally, LambdaNet operates Metropolitan

Area Networks (MANs) in fourteen European centers of business -

London, Amsterdam, Brussels, Paris, Marseille, Bordeaux, Strasburg,

Lyon, Madrid, Vienna, Frankfurt, Dusseldorf, Munich and Hamburg.

LambdaNet Group offers traditional transport services (wavelength,

bandwidth and collocation services) and delivers higher value

services that include advanced IP transport (IP Transit, Virtual

Private Networks). For more information, please visit

www.lambdanet.net.

Source: LambdaNet Communications

Contact: Katharina Siebert, tel. +49 511 8488 1120, fax +49 511

8488 1129, e-mail katharina.siebert@lambdanet.net.

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