latest news releases from the newsroom
Telenor enters into agreement with Coop Norge AS
OSLO and FORNEBU Norway, July 31, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN) (Other OTC:TELNF) and Coop Norge AS have entered into a framework agreement of a two-year duration. The agreement involves supply of a complete communications solution for fixed telephony, mobile telephony and data communications to Coop Norge AS and its co-operative societies, including Coop's chain of shops. The agreement has a total value of approximately NOK 60 million. Telenor won the contract by fending off competition from both Nordic and domestic telecoms players, and Coop's choice of Telenor was made on the basis of a comprehensive evaluation. Coop was primary concerned with finding a supplier capable of covering all its communications needs.
Brit Insurance Holdings PLC
Brit Insurance Holdings PLC Disposal of Peoples Choice (Europe) Ltd.
LONDON, July 31, 2003 (PRIMEZONE) -- Brit Insurance Holdings PLC ("Brit") (Other OTC:BTIHF) today announces the sale of its subsidiary company, Peoples Choice (Europe) Ltd ("Peoples Choice"), the telesales personal lines insurance broker, to Hastings Insurance Services Limited ("Hastings"). In 2002 the company's turnover was GBP11.4m, with a policy count of approximately 130,000 and over 400 employees. The sale involves the transfer of the entire company on an ongoing basis for cash consideration of GBP7.2m payable on completion.