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Finnish tyre manufacturer Nokian Tyres plc (Nokian Renkaat Oyj) commented on Wednesday (11 February) on rumours that the cooperation between Nokian Tyres and its Russian partner Amtel may have come to an end.
The firm was rewarded with an almost vertical rally, which saw its stock rise 18% in just four days, leading it to a new high and pulling up holding company Amtel along with it.
Over the first nine months of the year, passenger car (PC) sales were up by 5% year-on-year (y-o-y), at 15,874 units, according to figures from Estonia's association of car dealers and service companies (AMTEL).
Interactive Intelligence Group Inc (Nasdaq:ININ), provider of unified IP business communications software and services, bought the customer support agreements of its New Zealand reseller Amtel, it disclosed on Tuesday.
The contracts have been awarded by companies including Nextra and Amtel in Slovakia, AMIS in Slovenia, Croatia and GTS in Romania and Nextra, Broadnet and CRa in the Czech Republic.
Looking to 2005, companies who are reported to be seeking an IPO in the UK include Britvic, Celtel, ProStrakan, BP Chemicals, RHM and Amtel.
The online edition of the Finnish business daily Kauppalehti reported that the company's statement was related to recent Russian newspaper reports, according to which Nokian Renkaat was considering acquiring its Russian partner Amtel Holding.
Its holding company Amtel hit an all-time high of 9.31 pesos.
TELECOMWORLDWIRE-2 September 2005-LG introduces laptops based on Amtel baseband processor(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
Another top 10 new entry was Amtel, the holding company for America Movil, which was spun off from Grupo Carso Telecom (unchanged at No.
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