Telenor launches IP telephony for large businesses
: On Monday Telenor launched IP telephony for larger businesses and for public administrative offices with internal data networks. In supplying the dialling tone over IP, Telenor has prepared the ground for future communications solutions, allowing businesses to decide the tempo for when they want to take up the new solutions.
Pannon GSM has acquired a 3G license in Hungary
Budapest/Fornebu, Dec 8, 2004. – Telenor’s mobile arm in Hungary, Pannon GSM (Pannon), has acquired one of the UMTS licences in Hungary, a “C” licence, for HUF 19 billion, equivalent to NOK 630 mill. The licence fee is payable with 5.5 billion HUF in 2004, and the remaining in three yearly installments.
Telenor to launch 3G
On Wednesday Telenor opened its new UMTS mobile network for commercial use. The network offers very high data transmission speeds, and Telenor Mobil’s customers will have access to third generation mobile services such as video calls and Mobile TV. At the time of launch, the network covers 70 cities and densely populated areas in Norway.
Telenor to adjust rates in the residential market
As of 8 November, customers in the residential market will have three different subscription plans to choose from. 670,000 Norwegian households could save money by choosing the subscription plan that fits their pattern of usage. In December, Telenor will also introduce a new and customer-friendly solution for customers who have Telenor as their overall supplier of home phone, mobile and Internet.
Mobile Internet at NOK 5 per day
As part of a campaign offer in November and December, customers of Norwegian Telenor Mobil will be offered Internet surfing at a maximum rate of NOK 5 per day. The offer applies for both post-paid and pre-paid customers with private subscriptions.
Results for the 3rd quarter of 2004
Telenor’s revenues excluding gains, increased by 16 per cent to NOK 15.6 billion in the 3rd quarter of 2004 compared to the 3rd quarter of the previous year. “This solid increase is due to strong customer growth in our mobile operations and the consolidation of Sonofon. In this quarter alone we have gained 2.2 million new mobile subscribtions in the consolidated operations – almost as many as we have in total in Norway today,” says Jon Fredrik Baksaas, President and CEO.
Telenor to increase its ownership stake in GrameenPhone to 55.5 per cent
Telenor and the remaining partners of the leading mobile operator in Bangladesh, GrameenPhone, have entered into an agreement with the Japanese Marubeni Corporation to buy their entire 9.5 per cent stake in GrameenPhone.
Telenor: Presentation of third quarter results 2004
Telenor will present their financial results for the third quarter 2004 on Wednesday 27 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 near Oslo.
EDB, Telenor and IBM agree extensive technological collaboration
EDB Business Partner and Telenor have chosen IBM as partner for their forthcoming technology consolidation. EDB and Telenor have at the same time entered into agreements to concentrate a larger proportion of their technology purchasing from IBM. EDB and Telenor have committed to buy hardware, software and services from IBM totalling NOK 1.7 billion and NOK 300 million respectively over the next five years.
Telenor sells Intelsat shares
Telenor is selling its 4 per cent share in the world’s largest satellite company, Intelsat for $129 million. The sale will give Telenor a book profit of around NOK 400 million (approximately $62 million). Yesterday, the Intelsat AGM approved the sales agreement involving today’s shareholders selling their shares to private investors for $18.75 a share. Telenor has approximately 6.9 million shares in Intelsat. The settlement for the shares will be in cash, and is expected to be concluded around year end 2004.