1. Page 1 April 18 2001 Visions and business opportunities for wireless and mobile communications

2. Page 2 April 18 2001 Index Introduction Speed Ventures Strategy Processes: VC corporation Breedlab Program Speed Venturess Vision

3. Page 3 April 18 2001 Mission – The VC Corporation To create leading edge companies within focused high growth areas in close co-operation with the industry

4. Page 4 April 18 2001 R&D/ Innovation Centers Investments/ Product Development Sales & Marketing R&D/ Innovation Centers Investments/ Product Development Sales & Marketing R&D/ Innovation Centers Investments/ Product Development Sales & Marketing Speed Ventures Co-operation Pro Active Deal s. Evaluation Incubation Acceleration/ Roll-out Exit BREEDLABs CO-INVESTMENTs; JVs TRADE SALES

5. Page 5 April 18 2001 An idea is born with the entrepreneur... Speed: business building skill Sonera: customer and industry knowledge Tech. innovation: enterpreneur, univ, res. center Seed of an idea

6. Page 6 April 18 2001... or Internal or within Breedlab Speed: business building skill Sonera: customer and industry knowledge Tech. innovation: enterpreneur, univ, res. center Seed of an idea

7. Page 7 April 18 2001 Building in steps Building a company Building a product Seed financing Customers Prototype Create Business plan Competitive analysis Strategy Seed financing Breedlab Speed: business building skill Sonera: customer and industry knowledge Entreprenour: technical innovation Seed of an idea

8. Page 8 April 18 2001 Summing up -Speed characteristics Early stage investments Active ownership Industrial partnerships IP telecom focus Pro-active deal sourcing Process driven methodology

9. Page 9 April 18 2001 Important trends in the Telecom market Telecom goes IP (access agnostic) Mobile Networks will open up

10. Page 10 April 18 2001 1_ Telecom goes IP Levels 1-3 Levels 4-7 IP Highway Broad band Wireless Lans Cellular Networks Modem/ ISDN Lans Digital TV, Power..... Network Intelligence SS7 Call setup IN HLR/VLR SMS Billing CDR Roamingfees Phone number SIP Presence DNS MIP HA/FA AAA servers Diameter IP mediation IP Billing IP/Telecom

11. Page 11 April 18 2001 Speed Ventures cases in this area Next generation communication products based on SIP to the Internet and wireless market; Internet infrastructure solutions and services that take advantage of the Mobile IP standard switch cluster products insuring availability, scalability and security to network infrastructure;

12. Page 12 April 18 2001 2_ Mobile Networks Will Open Up Existing Revenue Stream are not sufficient to generate a good ROI (ARPU down to 35.6 per month in 2003) Need to finance Huge Investments ( 260 bn in UMTS network and license costs across Europe) Voice traffic far from finance the investments Developing new services and applications critical success factor Limited experience in service creation Maximize Capacity Utilization (mainly in the off-peak hours) Source: UMTS Report: an investment prespective by Durlacher Research ltd., Edvitech Parners Oy

13. Page 13 April 18 2001 Any Network Any Content Bob Bobs Friend PC Any Device What is the Telecom Industry Vision ? Wlan GPRS DSL 3G PC Voice Game Parking Tickets Phones PDAs Laptop Gaming Device

14. Page 14 April 18 2001 What is the situation today? Low billing and authentication relationship with user No standard proprietary interfaces trust relationship only with the operator Roaming access difficult No interconnection between different type of network Network under utilized Billing & Payment Access Distributor Network Content /Service Content and Service distributors Users

15. Page 15 April 18 2001 Where are the opportunities ? Billing & Payment Access Distributor Network Content /Service Content and Service distributors Users New content and services Enabling services and technology Define new business models and new revenue models Any services and content, anywhere, anytime in any device Access Anywhere Enabling access services and technology Whole network sales Enablers

16. Page 16 April 18 2001 Future Scenario Billing & Payment Access Network Content /Service Distributors ID Users Enablers Billing & payment Clearly defined interfaces based on industry standards Interaction between players that shares functions in trusted networks Examples of standards: Parlay, SIP, MIP, ENUM, Diameter, Jalda

17. Page 17 April 18 2001 Investment opportunities IP Billing/Charging AAA and profiling (identity) Access enablers (roaming technologies) Value-added Services enabler (aggregators)

18. Page 18 April 18 2001