Two new members elected to the Board of Telenor ASA
The Corporate Assembly of Telenor has elected two new members to the Board of Telenor ASA. They are Ms. Liselott Kilaas and Mr. John Giverholt.
Results for the first quarter of 2003
Telenor’s revenues increased by nine per cent to NOK 12.6 billion in the first quarter of 2003 compared to the first quarter of 2002. In the same period operating profit increased from NOK 602 million to NOK 1,475 million as a result of good underlying development, and profit before taxes and minority interests increased by more than NOK one billion to NOK 1,047 million.
Telenor: Reduced SMS prices as of today
Telenor Mobil has recently announced extensive price cuts in June. The SMS prices are however effective already today. Thus, the price of an SMS will start at only NOK 0.69 for Telenor Mobil customers.
Press conference on 1st quarter results.
Telenor invites to a press conference regarding the publication of the financial results for the 1st quarter 2003. CEO Jon Fredrik Baksaas will present the results. The press conference, which will be held in Norwegian, takes place in the auditorium at Telenor Expo, Visitors’ Centre, at Fornebu outside Oslo on Wednesday 7 May at 0900 hrs Norwegian time.
Telenor has sold nine percent of Cosmote’s share capital via an accelerated equity offering for NOK 2.1 bn.
Telenor announced today the sale of a 9% shareholding in the leading Greek mobile telecom operator Cosmote raising total proceeds of NOK 2.1bn and representing a financial gain before tax of approximately NOK 1.5bn.
Reminder: Capital Markets Day
Telenor reminds of its Capital Markets Day 2003. The programme will provide a thorough insight into Telenor’s strategies, future development and business areas.
Telenor: Mobile prices to be cut by NOK 300 million
Telenor Mobil’s price structure will be far simpler from June 16 this year. Simultaneously, prices on both calls and text messages will be reduced by a total of approximately NOK 300 million. Text messages will cost from NOK 0.69.
TEL – Proforma Figures
Telenor has today disclosed the historical proforma figures for the new business structure.
ProformaFigures spreadsheet can be downloaded on attached link:
MMS free of charge during weekends
In April, Telenor Mobil customers can send multimedia messages (MMS) for free during the weekends. In addition, MMS messages sent from Telenor Mobil’s web site are free of charge throughout the entire month.
Telenor annual report available
Telenor has today notified the Oslo Stock Exchange that Telenor’s annual report is available in electronic format. The report may be found at https://www.telenor.com/ir/. A printed version will be available after Easter.