latest news releases from the newsroom
Telenor and Save the Children in new partnership
OSLO, Norway, Sept. 19, 2005 (PRIMEZONE) -- Telenor and Save the Children have entered into a three-year partnership agreement. The purpose of the agreement is to prevent abuse of children over the Internet and to make the Internet and mobile phones safe for children and young users. This partnership involves a joint effort from Telenor and Save the Children in the struggle against the distribution of images and films depicting sexual exploitation of children. As part of the agreement, Telenor will give an annual amount of NOK 1 million to Save the Children, as a contribution to its efforts to prevent sexual exploitation of children. The parties will also exchange knowledge, develop know how and distribute information on how to prevent children from ending up in dangerous situations when they use the Internet or their mobile phones.
Hydro Announces Agreement to Acquire Spinnaker Exploration
OSLO, Norway, Sept. 19, 2005 (PRIMEZONE) -- Norsk Hydro ASA (NHY.OL) (NYSE:NHY) announced today that it will acquire Spinnaker Exploration Company (NYSE:SKE) in an all-cash transaction for US$2.45 billion. The acquisition will substantially boost Hydro's presence and growth potential in the U.S. Gulf of Mexico.
Sandvik Hard Materials Purchases Minority Stake in Chinese Metal Powder Company
SANDVIKEN, Sweden, Sept. 19, 2005 (PRIMEZONE) -- Sandvik Hard Materials, within the Sandvik Tooling business area, has today reached an agreement to purchase a 10% equity stake in the Chinese metal powder producer Gesac. Gesac focuses mainly on producing powders in tungsten carbide and other related materials. Gesac has annual sales of approximately SEK 500 M. The company is located in Xiamen, on the coast of the Taiwan Strait. The transaction is subject to approval of the Chinese authorities.
Trintech Group Plc
Trintech to Unveil New Internal Control Software Solution at the Sarbanes-Oxley Conference and Exposition
DALLAS and DUBLIN, Ireland, Sept. 19, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA), today announced its participation at the upcoming Sarbanes-Oxley Conference and Exposition, taking place at the Marriott Waterfront in Baltimore, Maryland, September 25-27, 2005. At this event, Trintech, located in booth 202, will unveil its new internal control software solution for general ledger account reconciliation. Additionally, Trintech will feature ReconNET, its comprehensive transaction management, account reconciliation and risk management solution for merchants, banks, financial service providers and other key businesses.
Millicom International Cellular
Millicom Announces Acquisition in the Democratic Republic of the Congo
NEW YORK and BERTRANGE, Luxembourg, Sept. 19, 2005 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC) (Stockholmsborsen and Luxembourg Stock Exchange: MIC) is pleased to announce that it has completed the acquisition of Oasis, a GSM mobile operation in the Democratic Republic of the Congo (the ``Congo"), from Orascom Telecom Holding SAE for US$35 million. The Congo has one of the largest populations in Africa and the acquisition of Oasis will increase Millicom's population under coverage by over 60 million to 145 million people in seven countries across Africa. The Congo has some two million mobile subscribers and a penetration rate of just 3%; Oasis currently has 77,000 subscribers.