Telia Finalises Sale to Industri Kapital.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--June 1, 2001 After receiving approval from the required authorities, Telia finalised the agreement it announced in March concerning the sale of eight companies in the former Enterprise business area to Industri Kapital 2000 Fund. Telia will remain a minority owner of these companies in the future. The sale is part of Telia's efforts to streamline operations and focus on core business activities. Industri Kapital owns 51 percent of the newly formed group of companies, while Telia's stake is 49 percent. The holding company for the eight units has been named Telefos. Jan Bruneheim has been appointed President and Birgitta Birgitta is the Swedish form of the Irish Gaelic female name Brighid. Brighid was the name of an ancient Celtic goddess, and its English form is Bridget. Birgitta and its alternate form Birgit became common names in Scandinavia because of St. Bridget of Sweden. Stymne Goransson and Anders Anders is a name in Scandinavian languages, the equivalent of the Greek Andreas ("manly") and the English Andrew. Anders is the German word for different. In Sweden, Anders has been one of the most common names for many centuries. Kronqvist have both been named Executive Vice Presidents. The eight companies included in the agreement are Swedia Networks AB, Telia Prosoft AB, Respons AB, Validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. AB, Telia Swedtel AB, Telia Dokumentation AB (name been changed to Swedia Comcarta AB), Multicom Security AB, TA Teleadress Information AB and their respective subsidiaries. Together, the companies have 5,622 employees. "The deal will provide added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Telia and the companies whose ownership is being broadened have agreed on a tapering Tapering Gradually reducing the amount of a drug when stopping it abruptly would cause unpleasant withdrawal symptoms. Mentioned in: Narcotics tapering, n supply and volume commitment until the end of 2003. This agreement will guarantee Telia the availability of important services from these companies during the period, as well as provide commercial support to the businesses while they actively continue to develop new clients. Telia has previously divested or broadened the ownership of the following companies: In Good Company AB, Telia Trading AB, Telia Kompetens, Svefo AB, Combinator IT AB, Telia Academy AB, Telia Contracting, Smalandsborsen Data AB, Telia System & Service A/S, Altitun, Starman Kabeltelevisioone AS, Eniro AB and DRS DRS Drives (street suffix) DRS Dispute Resolution Service DRS Doctorandus DRS Department of Rehabilitative Services DRS Direct Registration System (securities) DRS Department of Rehabilitation Services AB. Telia's Enterprises business area changed its name on April 1 to Telia Equity. Eva Lindqvist is head of the Telia Equity business area. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2001/06/01/20010601BIT00830/bit0002.doc http://www.bit.se/bitonline/2001/06/01/20010601BIT00830/bit0002.pdf |
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