Glocalnet - Fundamental Restructuring

Glocalnet-Fundamental Restructuring Glocalnet is embarking a resolute strategy and restructuring program, intended to bring the enterprise to profitability faster. Operations will be split into two business areas, the first launching a new offering that will herald the partial restructuring of Sweden's telecom sector. Additionally, the Danish operations will be wound down, with Glocalnet's headcount in Sweden reduced by 11. Glocalnet's CEO will present this restructuring at a conference today at 1 p.m. at Industrihuset, Stockholm. Members of the press are welcome to attend. (Please indicate your intention to participate to Sonia Stråhle: sonia.strahle@glocalnet.com) ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/21/20010321BIT00620/bit0002.doc http://www.bit.se/bitonline/2001/03/21/20010321BIT00620/bit0002.pdf