OTHER UNITS

Telenor has substantial activities in addition to the three business areas, also including various staff and support functions: EDB Business Partner, Telenor Satellite Services, Telenor Satellite Networks, Teleservice, Telenor R&D, Telenor Key Partner, Telenor Venture and Telenor Eiendom.

EDB BUSINESS PARTNER ASA
At year-end 2003, Telenor held an ownership share of 51.8% in EDB Business Partner ASA. EDB Business Partner ASA is one of the Nordic region’s leading IT groups, with revenues in 2003 of NOK 4.3 billion and around 2,500 employees. EDB Business Partner is a supplier of software solutions and offers management services with special expertise in telecommunications, banking and finance. EDB Business Partner has a strong presence in the Norwegian market, as well as in the US, Sweden, the UK, Switzerland and Spain.

SATELLITE SERVICES
Satellite Services is wholly owned by Telenor, and supplies satellite-based voice and data services for use on land, in shipping and the offshore industry and in aviation. Subsequent to the acquisition of Telenor Satellite Services Inc. (formerly COMSAT Mobile Communications) in January 2002 and Marlink (formerly Sait Communications) in 2001, Telenor Satellite Services has become one of the world’s leading suppliers of global, mobile communications solutions via satellite. The services are marketed through a broad international chain of distributors as well as from own offices around the world.

SATELLITE NETWORKS
Satellite Networks is wholly owned by Telenor, and supplies satellite-based communication solutions and VSAT technology to the business market and national and international organisations. The company’s complete communications solutions encompass network design, implementation, management and service. The services are supplied through subsidiaries in Norway, the Netherlands, Slovakia and the Czech Republic.

TELESERVICE
Teleservice is wholly owned by Telenor, and responsible for Directory Enquiries 1881, International Directory Enquiries 1882, MeetAt 07777 (telephone and data conferences) as well as other Contact Centre services. The company aims at making information and communications services easily accessible to users. In February 2002, the market for directory enquiries was opened to competition in Norway, but Directory Inquiries 1881 still has a dominant position in the Norwegian market with 70% of the traffic.

RESEARCH AND DEVELOPMENT
Telenor Research and Development makes an important contribution to Telenor’s value-adding services through strategic consultancy, innovation and improvement of existing solutions. The research and development activity is mainly linked to future broadband networks and mobile systems, as well as new services and customer solutions across different networks. R&D also carries out work on new business models and takes part in strategic processes in the Telenor Group. R&D is Norway’s largest research community in the field of ICT, and is regarded as one of the leaders in specific areas within European research collaboration.

TELENOR KEY PARTNER
Telenor Key Partner is wholly owned by Telenor, and supplies technology-based administrative services to the group’s business areas and subsidiaries. Telenor Key Partner is a driving force in achieving standardisation and quality improvements in the administrative running of the whole Group. The company’s services are based on viable business principles and market-oriented prices.

VENTURE
Telenor Venture is seeking to create value through active ownership by investing in companies in the fields of telecommunications and IT. Telenor Venture II ASA was established in 2000 with the purpose of continuing and expanding the investment activities, and in December 2002, Telenor Venture III was established to continue activities formerly organised under Telenor Innovasjon AS and other parts of the Telenor Group. Telenor’s ownership share in Telenor Venture AS was sold at the end of 2003. The ownership share in Telenor Venture II ASA is 50.1% and 100% in Telenor Venture III AS. The Telenor Venture companies are managed and administered by TeleVenture Management AS in which Telenor has an ownership share of 23.9%.

EIENDOM HOLDING
Eiendom Holding is wholly owned by Telenor. At the end of 2003, the company managed approximately 1 million square metres of owned and leased floor space spread out over approximately 4,500 buildings. The company’s main task is to ensure that the Telenor Group has at its disposal sufficient premises to allow its main activities to be performed in a cost effective manner.