Sait-Stento To Divest Sait Communications

Sait-Stento has signed a Memorandum of Understanding with Telenor Broadband Services, a subsidiary of Telenor with plans to sell all of its shares in Sait Communications to Telenor for approximately $28.2 million. The transaction and consideration is subject to due diligence and board approval from the above-mentioned parties. It is estimated that final negotiations are to be completed by the end of February 2001.