One year left with NMT
Telenor Mobil’s licence for the mobile network system NMT 450 expires on December 31st 2004. The service will be shut down at the same date, but will be in operation until then. The GSM coverage will be further increased.
Telenor initiates compulsory acquisition of remaining 10 per cent of shares in Utfors AB
Telenor has acquired another 150 shares in the Swedish company Utfors AB at a rate of SEK 0,99 per share. Telenor hereafter holds more than 90 per cent of the shares and votes in Utfors. In accordance with Swedish law, Telenor has therefore decided to initiate a compulsory acquisition procedure for the remaining 87,012,723 shares in Utfors, equivalent to just under 10 per cent of total amount of shares, at a rate of SEK 0,99.
Telenor becomes sole owner of SONOFON in Denmark
Telenor has today signed a definitive agreement with BellSouth to acquire the remaining 46.5% equity interest in SONOFON. Telenor will pay the equivalent of DKK 3,050 million in cash, which is equivalent to an equity value of DKK 6,559 million. As of September 30, 2003, SONOFON had a net debt of DKK 3,474 million.
Telenor and Inmarsat ownership
Telenor is to receive a minimum cash payment of approximately US$ 122 millions from the Inmarsat transaction but retains equity stake in new holding company.
Telenor finalises sale of Comincom and Combellga in exchange for 19.5 % stake in Golden Telecom, Inc.
MOSCOW, OSLO Telenor announced today that it has closed a share exchange transaction with Golden Telecom, Inc., under which Golden Telecom, Inc. will receive 100% of the shares of OAO Comincom including its wholly-owned subsidiary OAO Combellga, in exchange for 19.5% of Golden Telecom, Inc.
Telenor ASA 1,500,000,000 Syndicated Revolving Credit Facility
Telenor ASA has successfully closed a â¬1.5bn syndicated club credit facility.
New business subscription plan
Today, Telenor Mobil launched the subscription plan Bedrift basis for business users. The subscription is designed for business customers with a low use of mobile services, and it can be combined with other business solutions and discount agreements.
Telenor’s Communication Solutions in Microsoft Office 2003
Telenor is the first Telephone operator in the world to launch many of it’s most popular communication services as a “plug-in” to Microsoft’s new Office 2003. Users of Office 2003 will get direct access to several Telenor services while working on Office 2003 applications. The solution is a result of a strategic cooperation between Telenor and Microsoft.
Results for the third quarter of 2003
Telenor’s revenues increased in the third quarter of 2003 compared to the third quarter of 2002. Capital expenditure and debt were once again reduced and the programme for operational efficiency, Delta 4, progressed better in the third quarter than originally expected. Mobile operations (Mobile) showed an overall good growth, and in the Norwegian market there was a positive development in the number of subscriptions compared to the previous quarter. Fixed network operations (Fixed) showed increased margins and in Broadcast an operating loss in the third quarter of 2002 was turned to an operating profit in the third quarter of 2003.
Presentation of third quarter results
Telenor will present their financial results for the third quarter on Thursday 30 October, at 0900 hrs Norwegian time. The presentation will be a joint press and analysts presentation, held in the Auditorium, Telenor Expo Visitor Centre at Fornebu.