latest news releases from the newsroom
TeliaSonera Completes Disposal of Infonet
STOCKHOLM, Sweden, Feb. 28, 2005 (PRIMEZONE) -- TeliaSonera has completed the disposal of its 20% holding in Infonet Services Corporation, USA, to British Telecom. The disposal will result in a cash inflow of approximately SEK 1,300 million and a capital loss of approximately SEK 20 million.
Quest Oil Initiates Acquisition of Brokenstraw's 215 Production Oil Wells
ARLINGTON, Texas, Feb. 28, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) has signed a letter of intent with Brokenstraw Oil Development Co., (Brokenstraw) to purchase all assets for a combination cash and stock purchase transaction. The transaction is scheduled to close on March 21, 2005, and is subject to QUEST obtaining the necessary financing, and the execution of a definitive Purchase and Sale Agreement. The Company's website; www.questoil.com will provide additional corporate information.
Kineto Wireless and Airespace Collaborate to Bring UMA-based Cellular-WLAN Convergence to the Enterprise
SAN JOSE, Calif., Feb. 28, 2005 (PRIMEZONE) -- Airespace, Inc., the leader in intelligent enterprise Wireless LAN (WLAN) Systems, and Kineto Wireless, the key innovator and leading supplier of UMA (Unlicensed Mobile Access) Technology, announced today that the two companies have certified interoperability between the Kineto UMA mobile service solution and the Airespace Wireless Enterprise Platform. Through this collaboration, Airespace and Kineto have demonstrated the first enterprise class solution for 802.11-GSM convergence, paving the way for the seamless delivery of high-performance mobile voice and data services over secure enterprise wireless networks.
Vision Solutions to Acquire OS Solutions
IRVINE, Calif., Feb. 28, 2005 (PRIMEZONE) -- Vision Solutions, the industry standard in eServer High Availability, today announced that an agreement has been reached to acquire the business of UK-based OS Solutions, a leading provider of advanced systems management, disk and data optimization and SMB High Availability for the iSeries market.