latest news releases from the newsroom
Tele2 Acquires Finnish 3G Suomen 3G Oy
STOCKHOLM, Sweden, May 12, 2003 (PRIMEZONE) -- Tele2 AB ("Tele2", "theGroup") (Nasdaq:TLTOA) (Nasdaq:TLTOB) (Stockholmsborsen:TEL2A), the leading alternative pan-European telecommunications company, today announced that it has acquired the remaining shares in Finnish 3G Suomen 3G Oy, which holds one of four 3G licenses in Finland. Tele2 previously owned 27.4% of the company.
Information from Concordia Maritime
GOTHENBURG, Sweden, May 12, 2003 (PRIMEZONE) -- One of the ULCCs sold by Concordia Maritime with seller credit has now been sold to a third party by the buyer, Oceanic Trans Shipping, which will thus repay the seller credit to Concordia.
CORRECTION: Frontline Capital Adjustments
HAMILTON, Bermuda, May 12, 2003 (PRIMEZONE) -- Employees of Frontline have exercised options to acquire a total of 37,500 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 1,034,250.
Frontline: Capital Adjustments
HAMILTON, Bermuda, May 12, 2003 (PRIMEZONE) -- Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 37,500 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 1,034,250.
Cordiant Communications Group PLC
Cordiant Communications Group plc ('Cordiant') Receives Preliminary Approaches
LONDON, May 12, 2003 (PRIMEZONE) -- Cordiant (NYSE:CDA) (LSE:CRI) announced on April 29, 2003 that it had received very preliminary approaches that could lead to an offer for the company. Since then, Cordiant has been actively evaluating a range of more detailed proposals, including possible offers for the company or involving its recapitalisation. Cordiant's Board continues to pursue discussions with various parties, which it is seeking to bring to a conclusion in the near future in the best interests of the company and its clients. However, none of the proposals currently under consideration is likely to result in an offer at the current share price.
TDC Reduces Headcount in the Domestic Business by 10%
COPENHAGEN, Denmark, May 12, 2003 (PRIMEZONE) -- TDC (NYSE:TLD) (OTHER OTC:TDCAF) has decided to initiate a 10% reduction of the domestic work-force comprising 1,650 employees in the period until end of 1st quarter 2004. The decision follows from TDC's domestic business experiencing stagnation from a weak Danish economy, fierce competition and tough regulation. This has caused decline in sales growth and production volumes, resulting in employee redundancy. Further, technological developments like web-based self-service and "do-it-yourself" installation products will continue to reduce the manning need in the domestic business.
Allied Irish Banks, p.l.c.
Allied Irish Banks, P.L.C. Purchase Of Own Shares
DUBLIN, Ireland, May 12, 2003 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on May 9, 2003, it purchased 910,000 of its ordinary shares, at an average price of Euro 14.25, to be held as treasury shares.