Sonera has Signed a Letter of Intent to Sell Its Directory Business to 3i.Business/Technology Editors HELSINKI, Finland--(BUSINESS WIRE)--Nov. 7, 2001 Sonera Corporation (HEX: SRA SrA abbr. senior airman , NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SRA) has today signed a Letter of Intent with 3i, Europe's leading venture capital company to sell 100 % of Sonera Info Communications Ltd for a total cash consideration of 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. 125 million. The transaction also includes Sonera's holdings in Conduit plc (10 %) and 118 Ltd (45 %) as well as Sonera Info Communications Ltd's holdings in Intra Call Center SA (100%), in Suomen Keltaiset Sivut Oy (30%) and in Suomen Numeropalvelu Oy (40%). The shares of Metro One Telecommunications Metro One Telecommunications, Inc. (NASDAQ:INFO) is a provider of directory assistance with call centers located in the United States. It employs 1,640 people. Corporate headquarters are located in Beaverton, Oregon. Inc. are not included in the deal. The parties expect the definitive agreement to be signed by the end of the year 2001. The deal is expected to close during first quarter 2002. Sonera Info Communications Ltd is a directory solutions partner for mobile and fixed-line operators, content providers, mobile portals, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and public corporations. The company provides state-of-the-art directory services to meet the needs of different customer segments. The solutions include GSM, WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. and Internet-based directory services operator-assisted and automatic directory assistance and printed directories. Sonera Info Communications Ltd operates in European markets as well as in China. The company is the leading provider of electronic and operator-assisted directory services in Finland. The company employs approximately 950 people. 3i brings capital, knowledge and connections to the creation and development of businesses around the world. It invests in a wide range of opportunities from start-ups to buy-outs and buy-ins, focusing on businesses with high growth potential and strong management. 3i invests in businesses across three continents through local investment teams in Europe, Asia Pacific and the USA. Sonera (HEX:SRA, NASDAQ:SNRA SNRA Sawtooth National Recreation Area (Idaho) SNRA Swedish National Road Administration SNRA Système National de Recherche Agricole ) is an international forerunner in mobile communications and mobile-based services and applications. By combining its expertise in mobile communications, the internet and service provision, Sonera aims to develop into a global communications operator and provider of transaction and content services. The company also provides advanced data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. solutions to businesses, and fixed network voice services in Finland and its nearby areas. In 2000, Sonera's revenues amounted to eur 2.05 billion, and profit before extraordinary items and taxes was eur 1.86 billion. Sonera employs more than 11,000 people. |
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