Regulatory Risk
We face increasing competition in the Norwegian telecommunications market which may result in further reductions in tariffs and loss of market share and could affect our future revenues and profitability.
We continue to experience competition from competing service providers in the Norwegian market for telecommunications services. Generally, the Norwegian regulatory regime poses few barriers to entry for new competitors. New EU regulation pertaining to international roaming is being discussed and expected to be implemented in the third quarter of 2007. All companies within EU/EEA countries could be affected and might experience a requirement of further price reduction and changes in price plans.

