Telenor Group passed 100 million subscribers in Asia

2/16/2011, 8:31 AM (Source: GlobeNewswire)
(Barcelona, 16 February 2011) Telenor Group today announced that it has passed
more than 100 million subscribers in Asia. This milestone marks another
significant achievement in Telenor Groups successful history in the region.

The announcement was made by Sigve Brekke, Executive Vice President of Telenor
Group, and head of Telenor Group's Asian Operations at GSMA World Congress 2011
in Barcelona.

"With more than 100 million subscribers in Asia, Telenor Group continues to
develop and reinforce its position as a leading pan-Asian provider of
telecommunication services. This position is based on a long term industrial
commitment, a strong customer focus and a fundamental belief that the mobile
phone would benefit emerging economies as a vital tool in improving quality of
life in the region," said Sigve Brekke.

Telenor Group entered Asia in 1996, and has since emerged as a leading regional
mobile operator. At the end of 2010, Telenor Group's five Asian operations
generated 39 percent of the group's total revenues and obtained an operating
cash flow above NOK 10 billion. In subscriber growth Telenor Group added more
than 23 million subscribers in Asia in 2010.

Telenor Group, today controls mobile operations in five Asian markets with
Grameenphone in Bangladesh, Uninor in India, dtac in Thailand, DiGi in Malaysia
and Telenor in Pakistan.

For almost 15 years Telenor has been a driving service innovation and customer
experience in the mobile sector in Asia. Telenor Group's unique segmentation and
distribution platforms have become a competitive advantage, enabling its local
operations to connect millions of previously unconnected people with basic
mobile phone services. With strong local brands, Telenor ranks among the top
operators in our established markets in the region.

"As a mobile operator with a strong industrial background, Telenor Group has a
long term commitment to developing our operations. Since entering into the Asia
we have made significant financial investments and deployed management
competence and industrial know-how", said Sigve Brekke.

"The demand for basic services will continue to be high, as penetration in some
of our markets is still low, but the next big growth area in Asia will be mobile
data and access to internet services. To secure a speedy adaptation of internet
services it is important that local governments establishes regulatory framework
that are investment friendly, secures a level playing field and stimulates
continued development," said Sigve Brekke.

 Contact:

Glenn Mandelid
Director of Communications
Telenor Group - region Asia
mobile: +66 82 440 1122

About Telenor Group

Telenor Group is an international provider of tele, data and media communication
services. Telenor Group has mobile operations in 11 markets in the Nordic
region, Central and Eastern Europe and in Asia, as well as an economic stake of
39.6 per cent in VimpelCom Ltd., operating in 10 markets. Headquartered in
Norway, Telenor Group is one of the world's major mobile operators with 203
million mobile subscriptions (111 million in consolidated operations and 92
million in VimpelCom Ltd per Q4 2010), revenues in 2010 of NOK 95 billion, and a
workforce of approximately 33,200 employees. For more information about Telenor
Group, please visit www.telenor.com






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Telenor via Thomson Reuters ONE

[HUG#1489375]
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.