Telia to Discontinue Satellite-Based Services.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)--Nov. 6, 2001 Telia AB's satellite services division and its operations at the Teleport Verb 1. teleport - transport by dematerializing at one point and assembling at another science fiction - literary fantasy involving the imagined impact of science on society transport - move something or somebody around; usually over long distances earth station in Tanum TANUM Travel Authorization Number (US DoD) , on the west coast of Sweden, will be discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: during 2002. The division's satellite earth station in Agesta, outside Stockholm, is for sale. The costs for discontinuing these operations are covered by a SEK SEK In currencies, this is the abbreviation for the Swedish Krona. 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. 800 million provision for losses that Telia reported in the third quarter this year. The decision, which directly affects 21 employees in Tanum and three employees in division management in Farsta, is due to declining demand for satellite-based services for international 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. . Since satellite operations in Agesta, located south of Stockholm, have other technical and commercial possibilities, Telia intends to sell the business, if possible, including the facilities and employees. "The workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. in Tanum is now down 20-25 percent and we can manage the traffic much more cost-effectively through our owned fibre-based network and other operators. In addition, we have not been able to find someone who can, and wants, to take over the Tanum earth station's operations," said Eva Lindqvist, head of the Telia Equity business area. The Tanum satellite earth station will be closed down gradually during 2002 so that existing customers will be able to find other satellite service providers before Tanum is closed. No employees will be given immediate notice - all are being offered the opportunity to participate in Telia's transition program and obtain personal assistance, for example, in locating new jobs or receiving further education. The Tanum earth station, built in 1970-71, has been of major significance for international telecom traffic between Sweden and the rest of the Nordic region. In the 1990s, the market for satellite-based international telephony services started to decline as fibre-based networks were expanded globally. Competition from optical fibre has led to price pressure and an increasingly smaller workload, even in Tanum. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion