Bredbandsbolaget and Novestra start collaboration

BREDBANDSBOLAGET AND NOVESTRA START COLLABORATION Bredbandsbolaget and Novestra have agreed to start a collaboration expanding the existing relationship related to Novestra´s ownership in Bredbandsbolaget. The collaboration will initially be focused on finding projects and companies working with new services for wireless as well as fixed broadband that can be delivered based on i.a. the system platform developed by Bredbandsbolaget. "This project is the first in what we hope to be a number of collaboration projects", says Bredbandsbolaget's CEO, Jan Morten Ruud. "The collaboration covers i.a. investments and broadband services that we can develop with Novestra, which has communication and information services as a main focus in its venture operations." "The collaboration represent interesting opportunities for Evestra in our efforts to identify services and products, especially within the fast growing experience industry. In addition, the collaboration will probably give us opportunities to evaluate and invest in additional companies within the broadband sector. Wireless and mobile broadband services is also an interesting area were we already have made investments," says Novestra's COO, Thomas Åkerman. For further information please contact: Ulrika Andersson, PR/Information Manager Bredbandsbolaget, No. +46 8 406 95 00 Thomas Åkerman, COO Novestra, phone No. +46 8 545 017 50. Bredbandsbolaget (B2) specialises in the provision of two-way broadband services in Scandinavia and Europe. It was established in the summer of 1998 to fill a gap in the supply of broadband access and services available to private persons and households. B2 was set up by Internet consultant Framfab, and other major shareholders include NTL, Intel, the Carlyle Group, Morgan Stanley Dean Witter, Investor and Novestra. Website: www.bredband.com Novestra is one of the leading venture capital investment firms in the Nordic countries, primarily with a focus on companies providing enabling services and technologies to the network economy. Novestra's portfolio of companies includes Bredbandsbolaget (B2) AB, Continuum Group Ltd, Fanglobe Inc, IQUITY Systems Inc, Mobilestop.com Inc, Netsurvey Bolinder AB, PowerNet AB and Qbranch AB. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/24/20000824BIT00430/bit0001.doc http://www.bit.se/bitonline/2000/08/24/20000824BIT00430/bit0002.pdf