______________________________________

~~PART~~SECURITIES I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) December 31, September 30, ------------------- ---------------------------------- 2000 2001 2001 ------------------- ---------------- ---------------- SEK SEK USD (unaudited) (unaudited) ASSETS Current Assets: Cash and cash equivalents 1,010,142 675,757 63,231 Restricted current assets 530,371 424,186 39,691 Short-term investments 1,819,723 1,120,973 104,890 Accounts receivable, net 540,165 693,486 64,890 Other current assets 362,449 589,559 55,166 ------------------- ---------------- ----------------- Total current assets 4,262,850 3,503,961 327,868 Restricted non-current assets 141,838 - - Property and equipment, net 2,944,827 5,260,542 492,233 Goodwill, net 1,044,922 1,496,460 140,025 Other assets 26,511 54,243 5,076 ------------------- ---------------- ----------------- Total assets 8,420,948 10,315,206 965,202 =================== ================ ================= LIABILITIES AND ~~SHAREHOLDERS'~~EXCHANGE EQUITY Current liabilities: Accounts payable 711,805 832,732 77,919 Accrued expenses and other liabilities 564,216 1,160,367 108,577 Payable to Parent, net 108,812 126,907 11,875 Current portion of long-term debt 2,847 - - ------------------- ---------------- ----------------- Total current liabilities 1,387,680 2,120,006 198,371 Long-term debt, net 3,510,553 5,606,958 524,647 Deferred tax liability - - - Shareholders' equity: Share capital 443 443 41 Additional paid-in capital 4,723,954 4,728,563 442,455 Other comprehensive income (loss) 80,111 411,144 38,472 Accumulated deficit (1,281,793) (2,551,908) (238,784) ------------------- ---------------- ----------------- Total shareholders' equity 3,522,715 2,588,242 242,184 ------------------- ---------------- ----------------- Total liabilities and shareholders' equity 8,420,948 10,315,206 965,202 =================== ================ ================= See notes to unaudited condensed consolidated financial statements.COMMISSION

~~CONDENSED~~WASHINGTON ~~CONSOLIDATED~~DC STATEMENTS OF OPERATIONS (in thousands, except share and per share data) (unaudited) Three Months Ended September 30, Nine Months Ended September 30, -------------------------------------- ------------------------------------ 2000 2001 2001 2000 2001 2001 ----------- ----------- ------------ ----------- ----------- ---------- SEK SEK USD SEK SEK USD OPERATING REVENUES 296,452 626,939 58,663 686,056 1,541,605 144,249 OPERATING EXPENSES: Cost of revenues, excluding depreciation and amortization (186,631) (414,539) (38,789) (443,313) (1,032,678) (96,628) Selling (52,420) (98,750) (9,240) (133,426) (262,473) (24,560) General and administrative (118,276) (348,746) (32,633) (324,179) (757,465) (70,877) Depreciation and amortization (74,085) (188,366) (17,626) (145,172) (435,121) (40,715) ----------- ----------- ------------ ----------- ----------- ---------- Total operating expenses (431,412) (1,050,401) (98,288) (1,046,090) (2,487,737) (232,780) ----------- ----------- ------------ ----------- ----------- ---------- OPERATING LOSS (134,960) (423,462) (39,625) (360,034) (946,132) (88,531) OTHER INCOME (EXPENSE): Interest income 115,121 35,952 3,364 180,392 103,493 9,684 Interest expense (115,114) (157,457) (14,733) (332,046) (431,309) (40,358) Other income (expense), net (9,025) (8,695) (814) (10,458) 13,512 1,264 Foreign exchange gains (losses), net (29,026) (1,192) (112) (32,727) (3,412) (319) ----------- ----------- ------------ ----------- ----------- ---------- Loss before income taxes and cumulative effect of accounting change (173,004) (554,854) (51,920) (554,873) (1,263,848) (118,260) Income tax benefit (expense) 171 (2,813) (263) 1,558 (3,870) (362) ----------- ----------- ------------ ----------- ----------- ---------- Loss before cumulative effect of accounting change (172,833) (557,667) (52,183) (553,315) (1,267,718) (118,622) Cumulative effect of accounting change - - - - (2,397) (224) ----------- ----------- ------------ ----------- ----------- ---------- Net loss (172,833) (557,667) (52,183) (553,315) (1,270,115) (118,846) =========== =========== ============ =========== =========== ========== Basic and diluted loss per share Loss before cumulative effect of accounting change (34.98) (112.87) (10.56) (114.47) (256.58) (24.01) Cumulative effect of accounting change - - - - (0.49) (0.05) ----------- ----------- ------------ ----------- ----------- ---------- Net loss (34.98) (112.87) (10.56) (114.47) (257.07) (24.06) Weighted average number of shares outstanding 4,940,845 4,940,845 4,940,845 4,833,862 4,940,845 4,940,845 =========== =========== ============ =========== =========== ========== See notes to unaudited condensed consolidated financial statements.20549

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Nine Months Ended September 30, --------------------------------------------- 2000 2001 2001 ------------- ---------------- ------------ SEK SEK USD Cash flows from operating activities: Net cash used in operating activities (534,663) (469,190) (43,902) Cash flows from investing activities: Acquisition of businesses, net of cash received (813,991) (706,203) (66,080) Payment of additional acquisition consideration (85,334) (12,000) (1,123) Purchase of government securities (6,974,554) (5,267,228) (492,858) Investments in unconsolidated affiliates (23,131) (432) (40) Proceeds from sale of government securities 4,494,572 6,121,332 572,778 Proceeds from disposal of fixed assets 9,896 92,593 8,664 Capital expenditures (949,786) (2,112,903) (197,706) ------------- ---------------- ------------ Net cash used in investing activities (4,342,328) (1,884,841) (176,365) Cash flows from financing activities: Proceeds from Parent 4,436,654 1,530 143 Proceeds from termination of forward exchange contracts 46,013 8,832,695 826,482 Payments due to termination of forward exchange contracts - (8,360,761) (782,323) Net proceeds from Senior Euro Notes - 1,504,535 140,780 Net repayments of bank loans (153,995) (6,443) (603) Payment of debt issuance costs (6,666) - - Other (193) 30,670 2,870 ------------- ---------------- ------------ Net cash provided by financing activities 4,321,813 2,002,226 187,349 Translation adjustment 41,151 - - Effect of exchange rate changes on cash (2,652) 17,420 1,630 Net decrease in cash and cash equivalents (516,679) (334,385) (31,288) Cash and cash equivalents at the beginning of the period 1,949,542 1,010,142 94,520 ------------- ---------------- ------------ Cash and cash equivalents at the end of the period 1,432,863 675,757 63,232 ============= ================ ============ See notes to unaudited condensed consolidated financial statements.______________________________________

~~NINE~~FORM ~~MONTHS ENDED SEPTEMBER 30,~~ 6-------------------------------------------------- 2000 2001 ---------------------- ---------------------- (SEK IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Revenues 1,198,495 1,892,907 Net loss (502,019) (1,285,394) Net loss per share (105.03) (260.16)K

~~NINE~~Report ~~MONTHS~~of ~~ENDED~~Foreign SEPTEMBER 30, --------------------------------------- 2000 2001 ------------------- ---------------- (SEK IN THOUSANDS) Net loss (553,315) (1,270,115) Unrealized gain (loss) on short-term investments (2,861) 3,913 Translation adjustment 41,151 327,120 ------------------- ----------------- Comprehensive loss (515,025) (939,082) =================== =================Issuer

~~THREE~~Pursuant ~~MONTHS~~to ~~ENDED~~rule ~~NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2000 2001 2000 2001~~ 13a-~~----------------------------------------------------~~16 ~~(SEK~~or IN THOUSANDS) (SEK IN THOUSANDS) Revenues from external customers: Sweden 129,746 252,536 343,332 678,512 Norway 75,665 99,221 143,380 280,526 Denmark 59,932 105,369 139,140 309,213 Finland 31,109 169,813 60,204 273,354 15d----------------------------------------------------- Total consolidated revenues 296,452 626,939 686,056 1,541,605 ===================================================== Adjusted EBITDA by geographic operation: Sweden (43,901) (51,514) (125,063) (153,571) Norway (13,934) (57,026) (39,307) (165,787) Denmark (88) (16~~,477)~~ (10,240) (40,719) Finland (17,667) (1,759) (32,166) (36,901) Corporate/other 5,035 (1,983) (478) (7,695) ----------------------------------------------------- Total Adjusted EBITDA (70,555) (128,759) (207,254) (404,673) Reconciling items Provision for social security fees, compensation expense on employee stock options and other income (expense) (9,361) (6,863) (28,082) 15,344 Foreign exchange gains (losses), net (29,026) (1,192) (32,727) (3,412) Depreciation and amortization (74,085) (188,366) (145,172) (435,121) Interest income (expense), net 10,023 (121,505) (141,638) (327,816) Items effecting comparability - Restructuring charges - (108,170) - (108,170) ----------------------------------------------------- Total reconciling items (102,449) (426,096) (347,619) (859,175) ----------------------------------------------------- Total loss before income taxes and cumulative effect of ~~accounting change (173,004) (554,855) (554,873) (1,263,848) =====================================================~~

~~DECEMBER~~the ~~31,~~Securities ~~SEPTEMBER~~Exchange ~~30,~~Act ~~2000~~of 2001 ------------------------------- (AUDITED) (SEK IN THOUSANDS) Total assets: Sweden 2,303,439 3,449,609 Norway 1,494,836 1,943,104 Denmark 925,018 1,122,639 Finland 628,102 1,844,823 Corporate/other 3,069,553 1,955,031 ------------------------------- 8,420,948 10,315,206 ===============================1934

~~BALANCE~~File SHEET EXPOSURES OPERATIONS WITH SWEDISH KRONA FUNCTIONAL CURRENCY Principal (Notional) Amount by Expected Maturity Average Forward Foreign Currency Exchange Rate (SEK/Foreign Currency) Fair Value (SEK in millions) 2001 2002 2003 2004 2005 Thereafter Total September 30, 2001 ---- ---- ---- ---- ---- ---------- ------ ------------------ Long-Term Debt Denominated In Foreign Currencies United States Dollars Fixed RateNo.~~..............~~ ~~- - - - - 1,603 1,603 305 Avg. Interest Rate....... 13.~~0~~% 13.0% 13.0% 13.0% 13.0% 13.0% Avg. Forward Foreign Currency Exchange Rate................... 10.854 Euros Fixed Rate...............~~ - - - - - 4,133 4,133 627 Avg. Interest Rate....... 12.3% 12.3% 12.3% 12.3% 12.3% 12.3% Avg. Forward Foreign Currency Rate.......... 9.795 Forward Contracts Related to Long-term Debt to Purchase Foreign Currencies for SEK United States Dollars Notional Amount.......... 1,423 1,423 1,445 Avg. Contract Rate....... 10.639 Euros Notional Amount.......... 4,015 4,015 4,044 Avg. Contract Rate....... 9.87317140

~~Fair~~For ~~Value~~August ~~(SEK in millions) 2001 2002 2003 2004 2005 Thereafter Total September 30~~1, 2001 ---- ---- ---- ---- ---- ---------- ------ ------------------ Liabilities Long-term Debts Fixed Rate............... - - - - - 5,736 5,736 932 Avg. Interest Rate....... 12.5% 12.5% 12.5% 12.5% 12.5% 12.5%2002

EXHIBIT NO. DESCRIPTION 1* Deed of Incorporation and Articles of Association of Tele1 Europe N.V. (filed as Exhibit 3.1 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-10626) filed with the Commission on July 26, 1999, and incorporated herein by reference) 2.1* Euro Indenture, dated as of January 31, 2001, between Tele1 Europe N.V. and United States Trust Company of New York (filed as Exhibit 4.1 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-13266) filed with the Commission on March 9, 2001 and incorporated herein by reference) 2.2* Form of 12 3/8% Senior Notes due 2008 (included as part of Exhibit 2.1) 2.3* Registration Rights Agreement, dated as of January 31, 2001, among Tele1 Europe N.V., Goldman Sachs International and Lehman Brothers International (Europe) (filed as Exhibit 4.3 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-13266) filed with the Commission on March 9, 2001 and incorporated herein by reference) 2.4* Euro Indenture, dated as of December 14, 1999, between Tele1 Europe N.V. and United States Trust Company of New York (filed as Exhibit 4.1 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-11626) filed with the Commission on April 20, 2000 and incorporated herein by reference) 2.5* Form of 11 7/8% Senior Notes due 2009 (included as part of Exhibit 2.4) 2.6* Registration Rights Agreement, dated as of December 14, 1999, among Tele1 Europe N.V., Lehman Brothers International (Europe) and Goldman Sachs International (filed as Exhibit 4.3 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-11626) filed with the Commission on April 20, 2000 and incorporated herein by reference) 2.7* Dollar Warrant Agreement, dated May 18, 1999 between Tele1 Europe B.V. and United States Trust Company of New York (filed as Exhibit 10.3 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-10626) filed with the Commission on July 26, 1999, and incorporated herein by reference) 2.8* Euro Warrant Agreement, dated May 18, 1999, between Tele1 Europe B.V. and United States Trust Company of New York (filed as Exhibit 10.4 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-10626) filed with the Commission on July 26, 1999, and incorporated herein by reference) 2.9* Dollar Indenture, dated May 18, 1999 between Tele1 Europe B.V. and United States Trust Company of New York (filed as Exhibit 4.1 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-10626) filed with the Commission on July 26, 1999, and incorporated herein by reference) 2.10* Form of 13% Senior Dollar Notes due 2009 (included as part of Exhibit 2.9) 2.11* Euro Indenture, dated May 18, 1999, between Tele1 Europe B.V. and United States Trust Company of New York (filed as Exhibit 4.3 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-10626) filed with the Commission on July 26, 1999, and incorporated herein by reference) 2.12* Form of 13% Senior Euro Notes due 2009 (included as part of Exhibit 2.11) 2.13* Registration Rights Agreement dated as of May 18, 1999 among Tele1 Europe B.V., Lehman Brothers International (Europe) and Morgan Stanley & Co. International Limited (filed as Exhibit 4.5 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-10626) filed with the Commission on July 26, 1999 and incorporated herein by reference) 3.1* Investment Agreement, dated February 9, 1999, among Providence Equity Partners L.P, Providence Equity Partners II, L.P., De Facto AS, Fritas AS, Fjellbakke AS, Kunskapskontoret AB, Tommy Ekstrom, Ivar Stromberg, and Tele1 Europe AB 4.1* Share Purchase Agreement by and between Mika Virta, Joachim Paganus, Petteri Helin, Marko Grahn, Emilia A ari, Sari Heiska, Ann-Christine Bang, Tomi Juutilainen, Sarianne Laihinen, Vesa Rautio and Tele1 Europe in Finland Oy, dated as of May 28, 1999 4.2* Share Sale and Purchase Agreement between Tele1 Europe Group AB and the Shareholders in WinEasy AB, dated December 8, 1999 4.3* Share Purchase Agreement, dated October 1, 1999, between Tele1 Europe A/S, Rasmus Lisbjerg Jensen and Jakob WS. Kjaergaard 4.4* Supply Agreement between Tele1 Europe Group AB and Mercury Corporation dated February 6, 2001 4.5* Purchase Agreement between Tele1 Europe AS and ElTele Rogaland AS dated June 29, 2000 4.6* Asset and Sale Business and Share Agreement between Song Networks AB and Sonera Sverige AB and Sonera Oyj regarding certain assets and business of Sonera Sverige AB dated May 2001 4.7* Share Purchase Agreement by and between Telia AB and Song Networks Holding AB dated June 20, 2001 8.1* Subsidiaries of Tele1 Europe N.V. (filed as Exhibit 21.1 to the Registrant's Registration Statement on Form F-4 (Registration No. 333-13266) filed with the Commission on March 9, 2001 and incorporated herein by reference) - ---------------------- * Previously filed.

(Translation of registrant's name into English)

Blak 16,

3011 TA Rotterdam, The Netherlands

(Address of principal executive offices)

[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]

Form 20-F...x.... Form 40-F.......

[Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

Yes.......No...x...

Exhibits

Pressrelease, dated August 1, 2002

Press Release

Stockholm August 1, 2002

Song Networks will not make interest coupon payment scheduled August 1, 2002

Song Networks Holding AB (NASDAQ: SONW, Stockholmsbörsen: SONW) announced today that its wholly owned subsidiary Song Networks N.V. will not make the interest coupon payment scheduled for August 1^st on the EUR 175,000,000 12⅜% Senior Notes due 2008.

Operations throughout Song Networks are otherwise unaffected at this time. Song Networks plans to issue an update on the restructuring during August.

For information, please contact:

Song Networks Holding AB

Tomas Franzén, CEO

Phone: +46 8 5631 0111

Mobile: +46 701 810 211

tomas.franzen@songnetworks.net

Song Networks Holding AB

Jenny Moquist, Investor Relation Manager

Phone: +46 8 5631 0219

Mobile: +46 701 810 219

jenny.moquist@songnetworks.net

About Song Networks,
formerly Tele1 Europe, (NASDAQ: SONW, Stockholmsbörsen: SONW) Song Networks is a data and telecommunications operator with activities in Sweden, Finland, Norway and Denmark. The Company' business concept is to offer the best broadband solution for data communication, internet and voice to businesses in the Nordic region. This means that Song Networks supplies communication solutions that are attractively customized for each corporate customer. Song Networks is currently the only pan Nordic operator investing in local access networks with broadband capacity. The Company has built local access networks in the largest cities in the Nordic region. The access networks, which are linked by a long-distance network is one of the fastest data and internet super-highways in Europe, with an initial capacity for customers of up to one gigabit. The Company was founded in 1995 in Sweden and has approximately 1,000 employees. The head office is located in Stockholm and there are an additional 34 offices located in the Nordic region. For further information, please visit our website at www.songnetworks.net

Certain statements contained in this press release contain "forward-looking statements" within the meaning of the U.S. federal securities law. Such statements are based on the current expectations of the management of Song Networks Holding AB only, and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, adverse regulatory, technological or competitive developments; decline in demand for the company's services or products; inability to timely develop, introduce and market new technologies, products and services; pricing pressures resulting from competition; unforeseen construction delays; and the inability to successfully manage systems failures or shutdowns and service interruptions or reduced services to customers. For a more detailed discussion of such risks and uncertainties affecting the company, please refer to Song Networks Holding AB's reports that are filed from time to time with the U.S. Securities and Exchange Commission, including the company's annual report on Form 20-F and reports on Form 6-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 1, 2002 By: /s/ Tomas Franzén

Name: Tomas Franzén

Title: President and Chief Executive Officer

Date: August 1, 2002 By: /s/ Liia Nõu

Name: Liia Nõu

Title: Chief Financial Officer

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