Telenor in talks with Telia
Talks between Norwegian Telenor and the Swedish telecom operator, Telia, have been in progress for some time, with the aim to propose a full merger between the two companies. The talks were temporarily stopped by the Norwegian government on Friday 16 January, but were soon resumed after pressure from a majority in the Norwegian Parliament.
Telenor Announces New Price Structure
Norways Telenor will substantially reduce the cost of international calls and calls to cellular telephones as of 1 March 1998, thereby making Telenor the most competitive in Norway for these types of calls. Subscription prices will go up simultaneously to cover the cost of operating the subscription network. These changes are carried through in line with the new free-market guidelines recently set by Norwegian telecommunication authorities. Prices for local and long-distance calls will not be affected at this stage.
VimpelCom and Telenor enter into strategic alliance
Open Joint Stock Company Vimpel-Communications («VimpelCom» or the «Company») (NYSE: VIP) and Telenor AS («Telenor») today announced that they have reached an agreement for Telenor to purchase a strategic ownership interest in VimpelCom.