Sonera SmartTrust sees listing this year
HELSINKI, Jan 12 (Reuters) - Finnish telecom operator Sonera aims to list its Sonera SmartTrust wireless data encryption business this year, the unit's head said on Wednesday.
''The intention is to move very quickly so that we can use our own stock for financing,'' Sonera SmartTrust President and Chief Executive Harri Vatanen told Reuters. ''It will happen in a year.''
He also said the unit had last year reached its targets and made several deals that would still be announced.
''This has set a very good start for this year,'' Vatanen said.
Commenting on a deal #reply-12560140 announced earlier in the day with five leading certification autority platform providers on developing secure wireless electronic commerce, he said it was a major boost to Sonera Smart Trust's ability to conquer market share.
The partners -- Baltimore Technologies (NasdaqNM:BALT - news) (quote from Yahoo! UK & Ireland: BLM.L), Entrust Technologies (NasdaqNM:ENTU - news), GTE (NYSE:GTE - news) company Cybertrust, iD2 Technologies and Verisign (NasdaqNM:VRSN - news) -- had installed electronic commerce Internet solutions around the world.
Their clients included banks, insurers and operators, to whom Sonera could now add secure wireless transaction offerings very quickly, he said.
''They have made 1,500 installations and the deals opens that market for us,'' Vatanen said.
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