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RECENT NEWS FLASH 2000-13 (APRIL 2000)
(Updated on April 21, 2000)

MERGERS, INVESTMENTS AND AGREEMENTS

Aether Systems to Acquire IFX, Europe's Largest Provider of Mobile Financial

Aether Systems, Inc. has acquired IFX Group, Europe’s largest provider of mobile financial data, for $85 million. The acquisition will become a key asset in Aether’s previously announced planned European wireless data venture with Reuters, owned 60 percent by Aether and 40 percent by Reuters. The new joint venture will be called Sila Communications and will develop and provide wireless data applications in Europe, initially focusing on financial markets.

IFX is developing leading-edge technologies to optimize the delivery of data over the next generation of digital networks being rolled out across Western Europe. The Company’s "Value Added Service Platform" (VAS) application operates over today’s European GSM wireless networks, as well as next-generation high-speed networks including GPRS and UMTS. VAS allows wireless operators to offer value-added-services, including real-time financial information and trading, general news and sports information and vertical data services such as corporate information management, via a wide range of mobile devices.  Using IFX’s VAS platform, Sila Communications has set its sights on becoming a prominent "wireless ASP" serving the European carrier, enterprise and consumer markets.

For More Information: http://www.aethersystems.com/press/print/pr040600p.htm

Mobileinfo Advisory and Comment:

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.

All trademarks used in this summary are the property of their respective owners.


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