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Technology Stocks : Sonera (SNRA) : The next Nokia ? -- Ignore unavailable to you. Want to Upgrade?

To: Joar who wrote (47)	4/6/2000 10:54:00 AM
From: tero kuittinen	Read Replies (1) \| Respond to of 101

"Sonera drops out of UK 3G licence auction" Looks like that was a smart move. Sonera will be bidding for a French license as a smaller part of a consortium - that's a whole lot safer than assuming most of the risk of a license, like Sonera did in the English bidding. Sonera has a slice of a Spanish license - a slice of French and German 3G licenses would be nice. That would give Sonera a part to play in European 3G market, but not saddle the company with insane costs. The operators that are ready to pay 5-10 billion dollars for a wholly owned license in a single EU country are taking an enormous gamble here. Tero