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

BZ NOTE: 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.