Broadwave not awarded a UMTS licence in Sweden

Broadwave not awarded a UMTS licence in Sweden The Swedish National Post and Telecommunications Agency has today announced the players in Sweden who have been awarded a UMTS licence. Broadwave Communications was one of ten applicants for a licence, but according to the information released today is not one of the four selected. - The decision is not what we had hoped for. We were looking forward to receiving a licence. We must assume that the Post and Telecommunications Agency, PTS, considered that those who were awarded a licence are better able to fulfil the requirements for building the third-generation mobile system and creating competition in the market than Broadwave, says Christer Palmgren, spokesman for the consortium. - Broadwave respects the Post and Telecommunications Agency's decision and currently has no plans to appeal, says Christer Palmgren in conclusion. For more information, please contact: Broadwave Communications AB Christer Palmgren, general manager Phone: +46 8 5631 0092, mobile: +46 701 81 00 92 E-mail: Western Wireless International Corporation Brad Horwitz, President Phone: +46 701 81 00 40 Tele1 Europe Holding AB Ivar Strömberg, CEO Phone: +46 701 81 00 01 Line for Journalists: +46 701 81 00 40 About Broadwave Broadwave Communications is a Joint Venture consisting of five international partners who have accepted the challenge to develop a third generation open mobile network in Sweden. The Swedish broadband operator Tele1 Europe (NASDAQ: TEUR, Stockholm Stock Exchange: TEUR) (share 40%),, the US mobile operator Western Wireless International Corp (share 40%), the Finnish GSM/UMTS mobile group 2G/3P, the Swedish fixed line operator Rix Telecom and the Norwegian mobile Service Provider You Communication jointly own Broadwave. ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: