HANNOVER, Germany -- LNG Holdings S.A., the parent company of LambdaNet, the pan-European supplier of network-related telecommunications services, has appointed PricewaterhouseCoopers LLP (PwC) to advise on next stage funding and the ongoing development of its business across Europe. Some of the existing shareholders have expressed interest in increasing their stake in LNG Holdings S.A. PwC will provide advice to the Board on the attractiveness of the funding alternatives. Additionally, it will advise the board in developing opportunities involving key strategic customers, competitors, and other entities interested in equity partnership opportunities. LambdaNet is one of only a few wholesale focused IP transmission networks to have survived the telecoms downturn and is using the void left by WorldComm, Global Crossing and KPNQwest amongst others, to reinforce its customer base across Europe.Bernie Smedley, CEO, LNG Holdings explained: “We intend to fully exploit the market opportunity that has been created by the retrenchment in the telecoms industry over the last few years. As we continue to expand our marketing and sales efforts, which are focused on serving national European markets and links to the East Coast of North America, we must realign our organisation to take better advantage of these new opportunities and challenges. We believe PwC is in a position to help us meet our objectives.” The appointment of PwC as strategic financial advisors is focussed on allowing the company to continue to strengthen its business as it enters the next period of growth,” explained Brian Lerner, Director responsible for telecoms corporate finance at PricewaterhouseCoopers LLP. LambdaNet Communications GmbHPricewaterhouseCoopers