DENMARK: GN STORE NORD'S HALF YEAR RESULTS

Article Abstract:

GN Store Nord, the Danish telecommunications and electronics group, reports a DKr 140mn (USD 20mn) profit for the first six months of 1999, up from DKr 96mn for the same period in 1998. Operating profit improved to DKr 207mn from DKr 121mn, and turnover increased to DKr 2,295mn from DKr 1,886mn. Most of the six companies in the group are improving, even the mobile phone operator Sonofon, which so far has been quite unprofitable. However, GN Comtext, which is a telex supplier, and GN Nettest, which makes test and surveillance equipment, report losses. GN ReSound, which is one of the biggest providers of hearing aids in the world, reports a 29% growth in turnover to DKr 375mn, and a 65% increase in operating profit to DKr 38mn.

Telephone Apparatus Manufacturing, Sales, profits & dividends, Electronic Hearing Aids, Electromedical and Electrotherapeutic Apparatus Manufacturing, Telephone Equip NEC, Hearing aids, Telephone equipment, GN Store Nord A/S

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Denmark: Co-operation will help UMTS firms save money

Article Abstract:

Ramboll, the Danish engineering company claims that mobile telephony companies can save billions by co-operating in setting up their UMTS networks. According to the company, they can do this without having to violate the Danish ban on sharing networks. The companies can save money by co-operating in setting up masts and buildings for the technical installation. They are also allowed to share powerful fibre-optic networks to the transmitting masts. 60% of the potential savings can be generated from this type of co-operation.

Joint ventures, Radiotelephone communications, Communications Equipment, Abstract, Ramboll

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DENMARK: FANTASTIC TO OPEN OFFICE

Article Abstract:

In April, the international broadband software company Fantastic Corp. will open an office in Copenhagen for the Scandinavian market. The aim is to co-operate with major Scandinavian telecom companies. Later on this year, Fantastic is planning to start an R&D center for WAP standards in Scandinavia, as Scandinavia is a fore-runner in this field. The location of the center has not yet been decided.

Foreign operations, Research & development outlays, Capital expenditures, Science & research, Scandinavia, Internet software, Fantastic Corp.

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