News archive
At the Iceland Telecom board meeting that was the held following the shareholder meeting on 17 September, Brynjólfur Bjarnason's continuation as President of the company was formally approved.
The Competition Authority has concluded that there is no reason for comment regarding Skipti ehf.'s purchase of all of the State's shares in Iceland Telecom.
Over the next several months, Iceland Telecom will initiate use of a new technology that will increase the speed of data transport over mobile telephones. The technology involved, called EDGE, is a step toward third-generation mobile telephone service. Increased data transport speed via the GPRS system, with the advent of EDGE technology, is part of the steady renewal occurring in Iceland Telecom's systems.
The three bids for the State's share in Iceland Telecom were all valid, and the documents accompanying them were satisfactory.
At this time, Iceland Telecom is approaching the first anniversary of its promotion and sale of PC games at siminn.is and huga.is. The response has been extremely good, and customers have downloaded more than 40,000 games in this period.
The profit of the Iceland Telecom Group for the first three months of 2005 was over ISK 1223 million. The group's profit for the same period last year was ISK 409 million.
The first Iceland Telecom shareholder meeting following privatisation was held today at 14:00 at Nordica Hotel. At the meeting, a new Board of Directors was elected and has allocated tasks internally.
Íslenska sjónvarpsfélagid, a television broadcasting subsidiary of Iceland Telecom, has decided to open a new subscription station dedicated to English Football. This new station will show more football games in the English Premier League than has been done on Icelandic television before.
Continuous electronic communications have been established between the information systems of Brim, Eimskip and Icelandic Group PLC, with the participation of Maritech and Iceland Telecom. It will soon be four years that Iceland Group has strived to conduct all its transactions with seafood product producers through the electronic transfer of data between systems. With the collaboration of Brim, Icelandic Group Services, Eimskip, Maritech and Iceland Telecom, important results in e-commerce have been achieved.
Another stage in Iceland Telecom's digital television service via its ADSL system has begun. This week 11 municipalities in rural areas have been added to the group of 20 municipalities that has recently got access to digital television via ADSL.
In January Iceland Telecom signed a long-term agreement with Scandinavia Games regarding the sale of computer games on Iceland Telecom web sites, siminn.is and hugi.is. Iceland Telecom and Scandinavia Games began collaboration last summer when a game page was opened on hugi.is, but the companies have now increased their collaboration considerably in this area.
A survey is done every year among marketing people on which companies they think have done an outstanding job of marketing the previous year. ÍMARK, the Icelandic Marketing Association, sponsors this survey.
The profit of the Iceland Telecom Group for the first nine months of 2004 was over ISK 2443 million. The group's profit for the same period last year was ISK 1615 million.
The mass media have recently carried unrelenting criticism of Iceland Telecom's distribution system, and Iceland Telecom thinks it is time to highlight several facts.
Iceland Telecom has decided to participate in an enterprise called content provision, which offers interesting television content, and distribute this content over its telecommunications network in digital form.
The profit of the Iceland Telecom Group for the first three months of 2004 was over ISK 404 million. The group's profit for the same period last year was ISK 586 million.
Operating profit at the Iceland Telecom group (Síminn; Landssími Íslands hf.) for 2003 amounted to ISK 2,145 m, according to the companys income statement. This was similar to the figure of ISK 2,161 m for 2002. Operating income for 2003 was ISK 18,762 m, against ISK 17,958 for the previous year, while operating expenses rose from ISK 10,849 m in 2002 to ISK 11,381 in 2003.
The Competition Authority has concluded that there is no reason for comment regarding Skipti ehf.'s purchase of all of the State's shares in Iceland Telecom.
Over the next several months, Iceland Telecom will initiate use of a new technology that will increase the speed of data transport over mobile telephones. The technology involved, called EDGE, is a step toward third-generation mobile telephone service. Increased data transport speed via the GPRS system, with the advent of EDGE technology, is part of the steady renewal occurring in Iceland Telecom's systems.
The three bids for the State's share in Iceland Telecom were all valid, and the documents accompanying them were satisfactory.
At this time, Iceland Telecom is approaching the first anniversary of its promotion and sale of PC games at siminn.is and huga.is. The response has been extremely good, and customers have downloaded more than 40,000 games in this period.
The profit of the Iceland Telecom Group for the first three months of 2005 was over ISK 1223 million. The group's profit for the same period last year was ISK 409 million.
The first Iceland Telecom shareholder meeting following privatisation was held today at 14:00 at Nordica Hotel. At the meeting, a new Board of Directors was elected and has allocated tasks internally.
Íslenska sjónvarpsfélagid, a television broadcasting subsidiary of Iceland Telecom, has decided to open a new subscription station dedicated to English Football. This new station will show more football games in the English Premier League than has been done on Icelandic television before.
Continuous electronic communications have been established between the information systems of Brim, Eimskip and Icelandic Group PLC, with the participation of Maritech and Iceland Telecom. It will soon be four years that Iceland Group has strived to conduct all its transactions with seafood product producers through the electronic transfer of data between systems. With the collaboration of Brim, Icelandic Group Services, Eimskip, Maritech and Iceland Telecom, important results in e-commerce have been achieved.
Another stage in Iceland Telecom's digital television service via its ADSL system has begun. This week 11 municipalities in rural areas have been added to the group of 20 municipalities that has recently got access to digital television via ADSL.
In January Iceland Telecom signed a long-term agreement with Scandinavia Games regarding the sale of computer games on Iceland Telecom web sites, siminn.is and hugi.is. Iceland Telecom and Scandinavia Games began collaboration last summer when a game page was opened on hugi.is, but the companies have now increased their collaboration considerably in this area.
A survey is done every year among marketing people on which companies they think have done an outstanding job of marketing the previous year. ÍMARK, the Icelandic Marketing Association, sponsors this survey.
By decision of the Iceland Telecom Board of Directors, ownership of the company's Communications Museum on Sudurgata has been transferred to the State Treasury. This entails the building previously housing the old telegraph station and all of the objects exhibited there.
Every year Iceland Telecom Ltd. sends about 16.000 Christmascards to Companys and Institutions This year Iceland Telecom Ltd. will not be sending traditional Christmascards. Instead the Christmas Card Fund will be used for charity. Last year the fund lent its support to a Center for children with special needs.
The profit of the Iceland Telecom Group for the first nine months of 2004 was over ISK 2443 million. The group's profit for the same period last year was ISK 1615 million.
The mass media have recently carried unrelenting criticism of Iceland Telecom's distribution system, and Iceland Telecom thinks it is time to highlight several facts.
Iceland Telecom has decided to participate in an enterprise called content provision, which offers interesting television content, and distribute this content over its telecommunications network in digital form.
The profit of the Iceland Telecom Group for the first three months of 2004 was over ISK 404 million. The group's profit for the same period last year was ISK 586 million.
Operating profit at the Iceland Telecom group (Síminn; Landssími Íslands hf.) for 2003 amounted to ISK 2,145 m, according to the companys income statement. This was similar to the figure of ISK 2,161 m for 2002. Operating income for 2003 was ISK 18,762 m, against ISK 17,958 for the previous year, while operating expenses rose from ISK 10,849 m in 2002 to ISK 11,381 in 2003.