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Angel Telecom Subsidiaries Angel Telecom AG And Angel Europe AG Have Opened bankruptcy Proceedings


BAAR & ZUG, Switzerland -- December 4, 2014

Angel Telecom Holding announces that two of the direct subsidiaries of Angel
Telecom Holding AG have opened bankruptcy proceedings in their respective
places of business on the effective date of 1^st December 2014.

The subsidiary companies are:

Angel Telecom AG

Angel Europe AG

Both subsidiaries are under the administration of the bankruptcy
administrators of Kanton Zug.

Angel Telecom Holding AG

Peter Waneck
CEO & Chairman of the board.


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