Sonera (SNRA) : The next Nokia ? Message Board

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To: AmericanVoter who started this subject	8/24/2000 1:35:03 PM
From: Joar	of 101

Sonera and Telefónica will register Intention of Interest in Italian licence auction August 23, 2000, 11:10 a.m. Sonera Corporation will join the Ipse 2000 consortium, which Telefónica S.A. has established for the application of a third generation mobile network licence in Italy. Ipse 2000 will register an Intention of Interest in the Italian licence auction on August 24. Sonera's holding in the consortium will be less than 20%. The ownership structure of the consortium is still open and will be settled by September 11, which is the pre-qualification deadline in the Italian application process. The actual auction will begin in October. Group 3G, a joint venture of Sonera (42.8%) and Telefónica (57.2%), was granted a third generation mobile communications licence in Germany last week. In addition, Sonera has a 3G mobile network licence in Finland, and Sonera's associated company Xfera S.A. (Sonera 15%) holds a corresponding licence in Spain. Together with Enitel AS of Norway, Sonera has applied for a third generation mobile communications licence in Norway. In addition, Sonera has registered an interest in the Swiss application process. sonera.fi /Joar