latest news releases from the newsroom
Petroleum Geo-Services ASA
Petroleum Geo-Services Announces Steps to Further Reduce Costs
OLSO, Norway, April 24, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS") (OSE:PGS) (Other OTC:PGOGY) announced today a proposed reduction in office-based personnel by approximately 250 people. The personnel reduction is a part of PGS' ongoing cost reduction program with the objective of reducing ongoing cash expenses on an annual basis by USD 75 million by 2003. The proposed headcount reductions will mainly come in the Company's business centers in Houston, Texas, Walton, England and Oslo, Norway. The extraordinary costs related to the proposed reductions are expected to occur during the second and third quarter 2003.
Telenor: Mobile Prices to be cut by NOK 300 Million
OSLO, Norway, April 24, 2003 (PRIMEZONE) -- Telenor Mobil's (Nasdaq:TELN) (Other OTC:TELNF) price structure will be far simpler from June 16 this year. Simultaneously, prices on both calls and text messages will be reduced by a total of approximately NOK 300 million. Text messages will cost from NOK 0.69. Fewer subscription plans and equal prices day and night makes it easier and cheaper to be a Telenor Mobil customer. Norwegian mass market customers can now easily decide which subscription is best suited their usage. Primaer and Privat are suitable for respectively high and low usage. For those who are unsure as to their volume of actual usage, and for those whose usage varies, Skala is the best alternative.
Proposed Directors for TeliaSonera Board
STOCKHOLM, Sweden, April 24, 2003 (PRIMEZONE) -- TeliaSonera (LSE:TLSNq) (Nasdaq:TLSN): Sven-Christer Nilsson and Paul Smits will be appointed as new members of the Board of Directors of TeliaSonera. Carl Bennet is proposed as Deputy Chairman, succeeding Lars-Eric Petersson, who has declined to offer himself for re-election. Otherwise, it is proposed that the current directors should be re-elected.
Nokia -- New Client for BTS
STOCKHOLM, Sweden, April 24, 2003 (PRIMEZONE) -- Nokia has commissioned BTS (Other OTC:BGPBF) (Stockholm:BTSb) to develop a web-based simulation to strengthen the business acumen of their managers and leaders. The simulation will be included in Nokia's group-initiative to develop stronger leaders and businessmen and -women, all in accordance with "The Nokia Way." The primary target group is 800 managers and employees. The assignment comprises development and users licenses, and will be delivered starting in the second quarter of 2003, with a roll-out running over a longer period of time.