Wow! Big news! Wonder what impact such a Vodafone move would have on the SNRA stock price...
Sonera is going to present its first half year results tomorrow 24/7.
<< Half year profit is expected to rise to 236 million Euros.>>
direkt.se
<< ... Sonera is expected to say second-quarter pretax profit, to be released tomorrow, rose 3 percent to 120 million euros ($111 million) from the year-earlier quarter, according to the average estimate of 11 analysts surveyed by Finnish newspaper Kauppalehti and SME, the Nordic poll agency... >>
quote.bloomberg.com
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Sonera wants four to five 3G licences
By Brett Young, Reuters
20 July 2000
Finnish telecoms operator Sonera said on Wedesday it aimed to win four to five third-generation mobile phone licences in Europe and would fund bids through asset sales rather than taking on debt.
Sonera spokesman Jyrki Karasvirta confirmed earlier comments made by Sonera official Nina Siitari to Finnish Kauppalehti Online, saying Finland's largest telecom operator aimed to win four to five licences as part of various consortia.
Sonera currently has 3G licences in Finland and Spain, is bidding for one in Germany and has expressed interest in Switzerland. It participated in the British auction but withdrew when prices there soared.
Third generation mobile phone systems, or Universal Mobile Telecommunications Systems (UMTS), will support higher data transmission rates and allow for video and other multimedia applications.
An industry source said that Sonera would soon join a consortium bidding for one of the five Italian third-generation mobile network licenses.
"Talks have progressed quite far, and a consortium could be clinched quite soon," the source said, adding it would likely happen in weeks rather than days.
Karasvirta said the company was interested in an Italian 3G licence, but that no decisions had been taken and he declined to say if or when an announcement could come.
He said asset sales would fund the bids rather than taking on debt, although no money was specifically earmarked for 3G licences.
Sonera has said it aims to list its mobile portal Zed and data encryption unit SmartTrust by end-April 2001, with its portal Sonera Plaza slated to list by end-2001.
totaltele.com
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