Business Services Industry

Telenor Mobile Communications and Fast Search & Transfer Enter Into Strategic Partner Agreement for Development of New Wireless Services

Business Wire, July 20, 2000

Business/Technology Editors

OSLO, Norway--(BUSINESS WIRE)--July 20, 2000

TMC to Make FAST WAP Search, Positioning, and Multimedia Solutions

Available to Wireless Internet Users Worldwide

Telenor Mobile Communications AS (TMC, http://www.telenor.no ) and Fast Search & Transfer ASA (FAST, http://www.fast.no) today announced that they have entered into a strategic partner agreement regarding the joint development of mobile Internet services. For the next three years, the companies will cooperate in developing search-function, positioning and multimedia solutions for mobile Internet portals. The collaboration will take place through projects in which the companies will share their development resources.

Telenor Mobile Communications is one of the world's most advanced mobile operators, with 16 mobile operations in 13 countries worldwide. "It's exciting when two Norwegian companies with major international ambitions join together to invest in mobile Internet technology," said Arve Johansen, managing director of TMC. "This partner agreement is strategically important for our commitment to the mobile Internet and djuice.com." Djuice.com is TMC's mobile Internet portal and international effort to develop WAP, PDA and 3G services (the third-generation GSM system).

"We believe that we have the most advanced technology for enabling the information on the Internet to be accessible from a mobile device," said Rob Fisher, CEO of Fast Search & Transfer ASA. "Our wireless platform includes search, alert and image/video compression technologies for both current and next generation mobile devices. We are excited about working with Telenor Mobile Communications to realize the business potential available by deploying these wireless technologies in their target markets."

"Norway and Scandinavia have the most advanced mobile Internet markets in the world, and the users of the djuice.com portal will be among the first to sample new solutions developed jointly by FAST and TMC," said Olav Henrik Kjorstad, the head of mFuture, TMC's development company. "With shared expertise, we'll create solutions that enable us to compete in a difficult international market."

"The goal of this partner agreement is to develop innovative and market-oriented services for the wireless Internet," said John M. Lervik, Chief Technology Officer of FAST. "Leveraging FAST's proven technology capabilities with TMC's experience in some of the world's most advanced wireless markets should yield solutions that have world-wide market potential."

Contact persons:

Fast Search & Transfer ASA:

Thomas Fussell, Chairman

Tel: 44 468 352773

Thomas.Fussell@fast.no

John M. Lervik, CTO

Tel: 47 932 81 287

John.Lervik@fast.no

Telenor Mobile Communications AS:

Olav Henrik Kjorstad, Executive VP, mFuture

Tel: 47 22 78 53 83 Mob: 47 901 01 816

Per-Christian Andersen, VP mFuture

Tel: 47 22 78 50 98 Mob: 47 913 82 643

About Fast Search & Transfer ASA

Fast Search & Transfer ASA (FAST) develops and markets advanced and innovative search, real-time filtering, and multimedia solutions for the Internet and corporate markets. The company conducts research and development out of its corporate headquarters in Oslo, Norway, and in Trondheim, Norway, while sales, marketing, customer support, field engineering, and operations are run from the US headquarters in Boston, MA, and the San Francisco, CA, office. FAST products include the world's largest and most scalable search engines for structured and non-structured text, high-capacity real-time content filters for instant personalized information delivery, and state-of-the-art image and video compression for high-quality multimedia applications and the printing industry. FAST is traded on the OTC market in Oslo, Norway. For more information about FAST, visit http://www.fast.no.

About Telenor Mobile Communications AS

Telenor Mobile Communications AS (TMC) is Telenor's mobile business area, providing voice, data, Internet, e-commerce and contents services. Telenor, which is one of the world's most advanced mobile operators, holds a leading position in the Norwegian market and has ownership shares in 15 mobile companies worldwide. At the end of March, Telenor Mobile Communications had around 9.1 million subscribers with companies in which Telenor is a part owner.

About Telenor

Telenor is one of Europe's leading telecommunications companies. Its head office is situated in Oslo, Norway. Telenor offers a wide range of data and telecommunications products and services, including fixed and wireless telephony, the installation and operation of complete IT systems, global satellite systems, offshore services, the transmission and distribution of broadcasting signals, value-increasing services, Internet services and the production and distribution of telephone directories. Telenor has ownership interests in more than 70 operational subsidiaries and associated companies in more than 30 countries besides Norway. Telenor is one of Norway's largest, most value-creating companies, with around 22,000 employees and a turnover of NOK 33.5 billion in 1999.


 

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