Proposed New Board Members for Utfors AB.Business Editors STOCKHOLM--(BUSINESS WIRE)--April 27, 2000 The following new ordinary board members will be proposed at the Annual General Meeting of Utfors AB (publ) on 26 May 2000: --Daniel Hesse, who has for some months been President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Seattle- based TeraBeam Networks, which operates in the field of optical solutions for wireless high-speed access to telecoms and datacoms services. Daniel Hesse was formerly President and CEO of AT&T Wireless Services. --Thomas Axen, Managing Director of Bonnier Morgontidningar AB and Chairman of the Board of Dagens Nyheter Dagens Nyheter (DN) (Swedish: lit. "news of the day") is a daily newspaper in Sweden. , Sydsvenska Dagbladet and Marieberg International. "In preparation for the planned stock market listing later this year, we are now strengthening Utfors' Board of Directors by adding spearhead expertise in certain crucial areas," says Harold Kaiser, member of the board of Utfors and Senior Partner at Litorina Kapital. Daniel Hesse has considerable experience of the operator business and held several prominent positions at AT&T for 23 years. Hesse is a very well known name in the US, having, amongst other things, successfully built AT&T's mobile operator business into the US leader. TeraBeam Networks' new wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 access technology has also generated considerable international interest, and Utfors now has ongoing access to Hesse's experience of technological development within the access area. Thomas Axen has long-standing experience of the content field, having held a number of prominent positions within the Marieberg group. Axen also has considerable experience of branding strategies and consumer marketing through his previous positions at Proctor A person appointed to manage the affairs of another or to represent another in a judgment. In English Law, the name formerly given to practitioners in ecclesiastical and admiralty & Gamble and McKinsey. Oyvind Aasbo, Harold Kaiser, Tom Bryant-Meisner and Sven-Christer Nilsson are proposed for re-election, whilst Anders Lonnqvist and Greger Eriksson have declined re-election. Shareholders representing 48.5% of the votes of Utfors AB support the proposal. Utfors AB was the first company to offer free Internet subscriptions and to launch local call rates throughout Sweden. The company is a leading Swedish datacoms and telecoms operator with its own infrastructure, supplying IP (Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) based high-speed services See broadband. to companies and private customers in the Nordic region. In 2000, Utfors will be completing a 6,000 km long broadband network for data and telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. that will connect 75 of the largest cities in Sweden This is a list of towns with former city status in Sweden (Swedish: stad, plural städer). The year indicates the year they were established or when they were granted a royal charter. as well as Oslo, Copenhagen, other major Danish cities and Helsinki. Utfors employs approximately 170 people in Stockholm, Uppsala, Gothenburg and Overkalix and currently has over 250,000 telephony and Internet customers. Utfors AB's principal owners are Norsk Vekst and Litorina Kapital, as well as a number of institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/27/20000427BIT00980/bit0001.doc http://www.bit.se/bitonline/2000/04/27/20000427BIT00980/bit0002.pdf |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion