THIS IS TELENOR

Telenor is the largest provider of telecommunications services in Norway, and has substantial international mobile operations. Continued development of Telenor’s mobile operations is essential to the Group’s positioning as an international player in the telecommunications industry.

• Telenor was listed on Oslo Stock Exchange and Nasdaq on 4 December 2000.
• At the end of 2003, Telenor had 55,234 shareholders, whereof foreign investors owned 22.6% of the total shareholding. The Norwegian State is the largest single owner, holding 62.6% of the shares.
• Telenor’s market value as at 31 December 2003 was NOK 78.5 billion – the third largest company listed on Oslo Stock Exchange.
• At the end of 2003, the Group had 20,190 employees, 12,706 of whom were employed in Norway.

MOBILE
Mobile is Telenor’s business area for development and management of mobile services within voice, data, Internet and content services in Norway and internationally.

Telenor Mobile has ownership interests in 12 mobile operations and is geographically concentrated in selected countries in Europe and South East Asia. In 2003, 42% of Telenor’s external revenues were derived from the mobile operations.

Telenor Mobile’s international commitments are based on Telenor’s acquired experience and skills, and on products and services developed in the Norwegian market. The creation of synergies between the mobile operations, and preparations for further industrialisation will be central to Telenor’s future strategy.

FIXED
Fixed is Telenor’s business area for development, management and supply of communications solutions based on the fixed network.

In 2003, 35% of Telenor’s external revenues were derived from its fixed network operations. Norway is the main point for this activity and contributes approximately 90% of the revenues generated in this business area.

Telenor has fixed network operations in Norway, Sweden, the Czech Republic and Slovakia. As of 2003, the Group’s activities in Russia are run through an associated company.

BROADCAST
Broadcast is Telenor’s business area for TV-distribution via cable and satellite.

In 2003, 9% of Telenor’s external revenues were derived from its TV distribution activities. Broadcast is the largest provider of TV services to the residential market in the Nordic region, both via cable and satellite.

Telenor operates the Norwegian terrestrial network for radio and TV broadcasting and is the leading provider of satellite transmission to the Nordic region via three geostationary satellites.