| Union Vector investing in Icecell |
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| Friday, 10 August 2007 | |
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After the tender for the GSM 1800 license was awarded to Icecell ehf by the PTA, Union Vector will further increase its stake in the company. An Agreement to this effect has been signed between Union Vector Technologies Sdn Bhd and Bebbicell AG which will give up parts of the ownership in Icecell ehf to Union Vector effective immediately. The PTA regulator has been informed about the transaction and granted its permission. Union Vector will also provide Icecell with major parts and components of the backbone infrastructure as well as the entire messaging technology and telecom carrier software solutions. Icecell ehf represents only the latest addition to the Union Vector customers list, which already includes major regional telecommunications operators, online portals, regional banks and major financial institutions. Union Vector Technologies Sdn Bhd provides B2B and B2C unified messaging solutions, enterprise and operator security systems and mobile carrier software solutions. |