Sonera has Exercised the Put Option to Convert Its Eliska Ownership to Deutsche Telekom Shares -- The Received Deutsche Telekom Shares Were Sold Immediately.Business/High Tech EditorsHELSINKI, Finland--(BUSINESS WIRE)--April 26, 2002 Sonera Corporation (HEX:SRA SrA abbr. senior airman , Nasdaq:SNRA SNRA Sawtooth National Recreation Area (Idaho) SNRA Swedish National Road Administration SNRA Système National de Recherche Agricole ) received the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. (Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. ) approval to exercise the put option to convert its Eliska Wireless Ventures shares to approximately 2.8 million Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. shares. Sonera received the shares as part of the VoiceStream / Powertel share sales to Deutsche Telekom. Sonera sold the received shares through a bought deal today executed by Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Wasserstein. The shares were sold at an average price of approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15.50. The proceeds from the Deutsche Telekom share sales amount to approximately EUR 43 million. This completes the sale by Sonera of its entire interest in Deutsche Telekom. Sonera will use the proceeds to strengthen its financial position. Sonera Corporation (HEX:SRA, Nasdaq:SNRA) is a leading provider of mobile and advanced telecommunications services. Sonera is growing as an operator, as well as a provider of transaction and content services in Finland and in selected international markets. The company also offers advanced data solutions to businesses, and fixed network voice services in Finland and neighbouring markets. In 2001, Sonera's revenues totaled EUR 2.2 billion, and profit before extraordinary items and taxes was EUR 0.45 billion. Sonera employs about 9 000 people. www.sonera.com. SONERA CORPORATION Jari Jaakkola Executive Vice President, Communications and IR, Sonera Corporation Sonera Corporation (HEX:SRA, Nasdaq:SNRA) is a leading provider of mobile and advanced telecommunications services. Sonera is growing as an operator, as well as a provider of transaction and content services in Finland and in selected international markets. The company also offers advanced data solutions to businesses, and fixed network voice services in Finland and neighboring markets. In 2001, Sonera's revenues totaled EUR 2.2 billion, and profit before extraordinary items and taxes was EUR 450 million. Sonera employs about 10,000 people. www.sonera.com |
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