Telio Holding ASA is steadily strengthening its presence in the European market for broadband telephony. Telio Netherlands BV, a wholly owned subsidiary of Telio Holding ASA, is contributing strongly to Telio's growth. Over the past 12 months, Telio Netherlands has doubled its customer base. The outlook for 2010 is even stronger as we see a tenfold increase in the monthly customer intake when comparing January '10 to January '09.

Telio offers selected Internet services, e.g., Internet based telephony that enables customers to replace their traditional fixed line telephony with a more affordable solution. In Norway, Telio has been the second largest fixed line telephony provider since 2008. Telio’s headquarters is in Oslo, and the company is listed on the Oslo stock exchange as "TELIO". The Board of Directors and Advisory Board of Telio include some of the most respected Internet telephony experts worldwide. Telio has won a number of quality and best service awards for its services in Norway and The Netherlands.

Telio is currently present in The Netherlands as a wholesale operator. Partners in the Dutch market use Telio's award winning platform and expertise to provide telephony services to their customers. "White label operations differ somewhat from the way we approach the markets in Norway, Denmark and Switzerland with our own brand, but this business model has proven to be very fruitful. Our partners in The Netherlands are proving that we can achieve strong growth, even in a crowded market like the Dutch", says Telio’s CEO Eirik Lunde.

“Telio has an attractive window of opportunity, being one of the few players on the European market with a truly access independent offer. Telio has the technology and platform to launch its services on a large scale in new markets, which to our knowledge is currently un-matched”, says Telio’s CEO Eirik Lunde.

Telio customers in the Dutch market:

Number of customers 1 January 2010	21,760
Net new customers during January 2010	3,023
Number of customers 1 January 2009	12,325
Net new customers during January 2009	320
Number of customers 1 February 2010	24,783

For further information, please contact:
Eirik Lunde, CEO Telio Holding ASA, +47 4809 6964, eirik.lunde@telio.no