latest news releases from the newsroom
Telia/Sonera Merger Timetable Update
STOCKHOLM, Sweden, Aug. 9, 2002 (PRIMEZONE) -- Telia and Sonera wish to provide additional information on the status of the timing regarding the merger of the two companies and the commencement of the exchange offer to all shareholders of Sonera by Telia. The offering documents to be used in connection with the exchange offer are still being reviewed by the US Securities and Exchange Commission on a confidential basis. Shortly after such review is complete, Telia will publicly file the applicable offering documents with the Securities and Exchange Commission and commence the exchange offer. The exchange offer is expected to commence in September 2002.
Management Changes at Effnet Group AB
STOCKHOLM, Sweden, Aug. 9, 2002 (PRIMEZONE) -- Orjan Grinndal has decided to leave his post as CEO of Effnet Group AB. Effnet board member Goran E Larsson will be appointed acting CEO. Executive Vice President Marika Philipson has also chosen to leave the company. Hans Runesten, also an Effnet board member, will be appointed acting Executive Vice President. Both will assume their positions on August 15.
Skandia Starts Internet Bank in Switzerland
STOCKHOLM, Sweden, Aug. 9, 2002 (PRIMEZONE) -- Skandia Bank Switzerland today opened for business. The bank is a wholly owned subsidiary of Skandia and is independent from SkandiaBanken, which is established in Sweden, Norway and Denmark.
Capital Research Group, Inc
TheSUBWAY.com Announces Its Morning Stock Focus List for Friday, August 9, 2002: CHKP, YHOO, IDPH, ULTE, DLIA
WESTON, Fla., Aug. 9, 2002 (PRIMEZONE) -- TheSUBWAY.com announces the following Investment Opinions:
Sandvik Receives Order for Tunneling Equipment in Switzerland
STOCKHOLM, Sweden, Aug. 9, 2002 (PRIMEZONE) -- Sandvik Tamrock, within the Sandvik Mining and Construction business area, has received an order for tunneling equipment for a new rail link in the St. Gotthard Tunnel in the Swiss Alps. In total, the order is valued at approximately SEK 150 M.
Extra General Meeting of Stockholders; Aspiro Acquires Picofun AB
STOCKHOLM, Sweden, Aug 9, 2002 (PRIMEZONE) -- In order to strengthen its position as a leading provider of mobile services, Aspiro announces that it is to acquire the Swedish company Picofun AB. Picofun publishes and distributes mobile games and entertainment services. The acquisition complements and expands Aspiro's own range of products by almost 80 attractive mobile applications and more than doubles its customer base of mobile operators.
Teleca: Disclosure Notice
MALMO, Sweden, Aug. 9, 2002 (PRIMEZONE) -- Teleca has on August 8 purchased 204,500 shares in Pronyx AB. Thereafter Teleca owns a total of 532,500 shares which together represent 8.0 percent of the total share capital and votes of Pronyx AB.