latest news releases from the newsroom
Telenor Business Solutions UK sold to 2escape2
OSLO, Norway, July 16, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN) today announced that it has entered into an agreement to sell Telenor Business Solutions UK to 2escape2 Limited. This transaction concludes Telenor's restructuring of its international Internet operations.Telenor is maintaining its focus on consolidating its leading position in the Norwegian market as well as strengthening its service delivery in the Nordic market. The company's international presence will primarily focus on mobile services and key markets where Telenor sees opportunities for creating long-term value. Consequently, divestment of Telenor Business Solutions UK is a part of this strategy.
NCC wins strategic road construction project in Poland
SOLNA, Sweden, July 16, 2003 (PRIMEZONE) -- NCC Roads has been awarded a road construction project in South-central Poland by the National Road Authority. The EU-funded project has a value is SEK 50 M and consists of 5 kilometers renovation and widening of an artery road as well as construction of a new junction.
Peab to build the infrastructure in the GSM-R-network in Norway
FOERSLOEV, Sweden, July 16, 2003 (PRIMEZONE) -- Peab's wholly owned subsidiary Netel has been commissioned to carry out the building of infrastructure in the GSM-R network in Norway. The work has been commissioned by Jernbaneverket (the equivalent of Railtrack in the UK) and the contract is worth in the region of NOK 650-700 million.
Lansforsakringar Bank Signs Syndicated Loan for Borrowing on International Capital Market
STOCKHOLM, Sweden, July 16, 2003 (PRIMEZONE) -- On July 15, 2003, Lansforsakringar Bank signed a syndicated loan facility, split into a Term Loan and a Revolving Credit, on the international capital market. The loan facility was oversubscribed by EUR 50 M, upon which the amount was increased to EUR 150 M. The loan agreement pertains to borrowing over three years and the mandated lead arrangers are Bayern Landesbank, Danske Bank and HSH Nordbank.
Report from NeoNet AB's Extraordinary General Meeting July 15, 2003
STOCKHOLM, Sweden, July 16, 2003 (PRIMEZONE) -- NeoNet AB: Authorization for the Board of Directors The extraordinary general meeting resolved to authorize the Board of Directors to, for the time until the next Annual General Meeting, make a decision to increase the share capital of the company with a maximum of SEK 500,000 through a new issue of maximum 10,000,000 shares, each with a nominal value of SEK 0.05. The new issue shall be carried out as an issue in kind as part of the implementation of the company's acquisition of shares and options in Lexit Financial Group, Inc.