Telenor Mobil increases GSM coverage along the Norwegian coast
Telenor Mobil intends to significantly increase the GSM coverage along the Norwegian coast. In many places signals will extend four times as far from land as today. The development will be concluded before the decommissioning of the NMT-450 service on December 31, 2004.
VimpelCom press releases
Please be adviced of three press relases issued by the Russian mobile company VimpelCom, where Telenor is a share holder.
Telenor gives free MMS in September and October too
Oslo, August 22nd, 2003: Sending picture messages on a mobile phone (MMS) will be free of charge for Telenor Mobil’s customers in September and October too. The MMS use has undergone an explosive growth during the summer and Telenor Mobil want more of their customers to be able to try out the service for some time free of charge.
Telenor to sell Comincom and Combellga for a 19.5% stake in Golden Telecom
MOSCOW, OSLO Telenor announced today that it has signed a Share Exchange Agreement with Golden Telecom, Inc. under which Golden Telecom, Inc. will receive 100% of the shares of OAO Comincom and its wholly-owned subsidiary, OAO Combellga, in exchange for 19.5% of Golden Telecom Inc., calculated on a post-acquisition basis. The transaction will make Comincom and Combellga wholly owned subsidiaries of Golden Telecom, Inc. Based on the current share price for Golden Telecom, Telenor’s stake is equivalent to approximately US$220 million.
Telenor enters into agreement with Coop Norge AS
Telenor and Coop Norge AS have entered into a framework agreement of a two-year duration. The agreement involves supply of a complete communications solution for fixed telephony, mobile telephony and data communications to Coop Norge AS and its co-operative societies, including Coop’s chain of shops. The agreement has a total value of approximately NOK 60 million.
Results for the second quarter of 2003
Telenor’s revenues in the second quarter increased by 10 per cent to more than NOK 13.2 billion compared to the corresponding period last year. Operating profit increased from NOK 691 million to NOK 1.612 million as a result of good underlying development. Profit before taxes increased by NOK 2.1 billion to nearly NOK 2.5 billion, which include a gain of NOK 1.5 billion following the sale of shares in the Greek mobile company Cosmote.
Telenor: Presentation of second quarter results
Telenor will present their financial results for the second quarter on Wednesday 23 July, at 0900 hrs Norwegian time. The presentation will be a joint press and analysts presentation, held in Norwegian in the Auditorium, Telenor Expo Visitor centre at Fornebu.
Telenor Business Solutions UK sold to 2escape2
Telenor today announced that it has entered into an agreement to sell Telenor Business Solutions UK to 2escape2 Limited. This transaction concludes Telenor’s restructuring of its international Internet operations.
Statoil launches Wireless Internet at 300 petrol stations
Statoil Detaljhandel AS and Telenor today announced the launch of wireless Internet zones at 300 Statoil petrol stations throughout Norway. The deployment is one of Europe’s largest Wi-Fi (“wireless fidelity”) rollouts and Statoil is the first major gas station chain to offer its customers wireless access. The solution, based on industry-standard WLAN technology (Wireless Local Area Network), allows business and private users to access E-mail and Internet Services from Statoil Petrol Stations all over Norway.
Telenor purchases remaining 25 per cent of Comincom-Combellga from minority shareholders.
Telenor has acquired the remaining shares held by the minority shareholders of Comincom-Combellga. Telenor paid US$120 million for a 75 per cent stake in Comincom-Combellga in 2000. With the purchase of the 25 per cent minority interest, Telenor assumes 100 per cent ownership of the company. Telenor has acquired the shares, held by private individuals and public organisations, for US$ 30 million.