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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Telecom
Wednesday, August 06, 2008
TeliaSonera and EMT to bring iPhone 3G to Estonia on August 22
Comtex
STOCKHOLM, Sweden, Aug 06, 2008 (BUSINESS WIRE) ----TeliaSonera (Nasdaq:TLSN) (STO:TLSN) (LSE:TEE) (HEX:TLS1V) and EMT today announced it will bring iPhone 3G to Estonia on August 22. iPhone 3G combines all the revolutionary features of iPhone plus 3G networking that is twice as fast*, built-in GPS for expanded location-based mobile services, and iPhone 2.0 software which includes support for Microsoft Exchange ActiveSync and runs hundreds of third party applications available through the new App Store.
"The launch of iPhone 3G represents another strategic step for us in the development of the mobile broadband market and strengthens our position in the Nordic and Baltic region," said Kenneth Karlberg, president, Business Area Mobility Service, TeliaSonera. "With iPhone 3G, we offer our customers an amazing new way to meet their demands for access, speed and mobility."
"I am glad that by offering iPhone, EMT has proven once again to be the leader in the Estonian mobile market," said Valdo Kalm, CEO of EMT.
Consumers interested in purchasing iPhone 3G can visit www.emt.ee/iphone to receive first hand information about the iPhone 3G launch in Estonia. iPhone 3G will be available in EMT's stores on August 22.
* Based on 3G and EDGE testing. Actual speeds vary by site conditions.
EMT together with Elion and MicroLink belong to Estonian Telecom, the leading telecommunications and IT enterprise group in Estonia. EMT is the leader in the Estonian mobile communication sector with the best coverage, acknowledged product development and customer service. The major shareholder of Estonian Telecom with 60,12 percent stake is TeliaSonera, the leading telecommunications company in the mobile and landline networks of Nordic and Baltic countries.
TeliaSonera provides telecommunication services in the Nordic and Baltic countries, in Spain and the emerging markets of Eurasia, including Russia and Turkey. We are the leading European provider of quality cross-border voice, IP and capacity services, provided through our wholly-owned international carrier network. In 2007, TeliaSonera's net sales amounted to SEK 96 billion, and at the end of December 2007 the total number of subscriptions exceeded 114 million in 18 countries. The TeliaSonera share is listed on the Stockholm Stock Exchange and the Helsinki Stock Exchange, and the company is included in the Dow Jones Sustainability Index. Simplicity and service are important tools for us in creating profitable growth and value for our customers and shareholders. Read more at www.teliasonera.com
Forward-Looking Statements
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
This information was brought to you by Cision http://newsroom.cision.com
SOURCE: TeliaSonera
The TeliaSonera Press Office, +46-(0)8-713 58 30
Copyright Business Wire 2008
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