latest news releases from the newsroom
Millicom International Cellular
Millicom is Awarded GSM Spectrum in Pakistan
BERTRANGE, Luxembourg, Oct. 25, 2002 (PRIMEZONE) -- Millicom International Cellular S.A. ("MIC") (Nasdaq:MICC), the global telecommunications investor, today announces that Paktel, MIC's second cellular operation in Pakistan, has been granted a modification to its license and has been awarded GSM 900 spectrum.
Careside Files for Debtor-In-Possession Financing Under Chapter 11
CULVER CITY, Calif., Oct. 25, 2002 (PRIMEZONE) -- Careside, Inc. (AMEX:CSA), a provider of point-of-care blood analysis instrumentation, announced today that it has obtained an agreement to arrange up to $2 million in Debtor-In-Possession (DIP) financing subject to Bankruptcy Court approval. The Company has secured these funds from Palm Finance. These funds will be used to supplement the Company's cash flow during the Chapter 11 proceedings and resume business operations. Careside had previously announced that it had filed voluntary petition under Chapter 11 of the US Bankruptcy Code in the United States Bankruptcy Court for the Central District of California. Chapter 11 provides a debtor an opportunity to continue its business operations and to serve its customers while it reorganizes.
Telenor: Presentation of Third Quarter Results
OSLO, Norway, Oct. 25, 2002 (PRIMEZONE) -- Telenor (Nasdaq:TELN) will present their financial results for the third quarter 2002, on Wednesday October 30, at 0900 hrs., Norwegian time. The presentation will be a joint press and analysts presentation, held in the Auditorium, Telenor Expo Visitor centre at Fornebu. CEO Jon Fredrik Baksaas, Senior Executive Vice President and CFO Torstein Moland and Senior Executive Vice President and head of Telenor Mobile, Arve Johansen, will present the results.
Kungsleden Sells Properties Amounting to SEK 58.7 Million
STOCKHOLM, Sweden, Oct. 25, 2002 (PRIMEZONE) -- The property company, Kungsleden AB (publ)(Other OTC:KGSDF), has in separate deals sold the properties Helsingborg Kulan 1 and Varjan 3 as well as Kungalv Krabbetornet 1 and 35. The total sales price amounts to SEK 58,7million with a profit of SEK 11 million.