Denmark:Thrane & Thrane reach agreement with Nera

Article Abstract:

Danish Thrane & Thrane have reached an agreement with Norwegian Nera following a due diligence procedure, according to which Thrane & Thrane will take over Nera's satellite communication operations for DKr285mn (US$34mn) in cash and a convertible bond of DKr215.7mn. The two companies are to set up a joint company, Broadband AS which is 2/3 owned by Nera and 1/3 by Thrane & Thrane. At the same time, Thrane & Thrane trims down its profit forecast for the present fiscal year ending on 30 April mainly because of the crisis in the US economy that has affected investments in the so-called aeronautic segment i.e. phones used by passengers onboard planes.

Strategy & planning, Joint ventures, Telephone communications, exc. radio, Satellite Communications, Satellite Telecommunications

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DENMARK: THRANE & THRANE AWARDED DKR360MN CONTRACT

Article Abstract:

Thrane & Thrane, the Danish supplier of satellite phones and other communications equipment, has been awarded a DKr360mn contract by Inmarsat, the leading satellite operator in the world. Thrane & Thrane has been contracted to develop, produce and install the land-based elements (RAN) to Inmarsat's fourth generation of satellite systems. This is the biggest single contract won by Thrane & Thrane, and MD Lars Thrane says it is expected to pave the way for new similar contracts.

New orders received, Inmarsat

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Denmark: Thrane & Thrane's interim report

Article Abstract:

Thrane & Thrane, the Danish producer of satellite communication products, reported a DKr8.9mn (US$1.1mn) loss in the six months ended October 31 vs. a DKr16.1mn profit in the same period last year. Turnover dropped by 9% to DKr197.8mn in the period. The company's takeover of Norwegian Nera's operations has not had any effect on results.

Sales, profits & dividends, Electron Tube Manufacturing, Electron tubes, Electronic Tubes

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