Operations
- Fixed-line
Fixed-line
Telenor is Norway’s leading provider of fixed-line telecommunications services,
and is strongly positioned in the rapidly growing Nordic market for broadband
services. In Norway, Telenor provides communications solutions on a retail basis
to both residential and business customers. Offers include analogue (PSTN) and
digital (ISDN) fixed-line telephony, as well as broadband voice services over
Internet Protocol (VoIP), Internet access via PSTN/ISDN and digital subscriber
lines (xDSL), value-added services and leased lines.
Through the acquisitions of Bredbandsbolaget and Cybercity, made in July 2005 for NOK 4.5 billion and NOK 1.3 billion, respectively, Telenor has gained a strong position in the fast-growing broadband markets in Sweden and Denmark. Bredbandsbolaget is Sweden’s second largest provider of broadband services, offering full ‘‘triple-play’’ with high-speed Internet, VoIP and Internet Protocol (IP) television services on an all-IP fibre and xDSL network. Cybercity is Denmark’s third largest broadband supplier, providing xDSL-based Internet access and voice services to both residential and business customers.
On 8 February 2006, Telenor increased its shareholding in the Swedish residential voice and broadband provider Glocalnet AB by 13.5 per cent, for a consideration of SEK 136 million (NOK 118 million), to secure a 50.1 per cent ownership interest. The acquisition triggered a mandatory offer for all outstanding shares in Glocalnet AB. This offer is valid until 21 April 2006. As at 28 March 2006, Telenor holds a 96.6 per cent ownership interest in Glocalnet.
In the fourth quarter of 2005, Telenor disposed of its operations in the Czech Republic and Slovakia with a loss of NOK 63 million.
Telenor holds a 20.3 per cent ownership interest in the listed Russian fixed-line operator Golden Telecom.