Norway's Telenor Media majors in French ATB
(Oslo/Lorient) Telenor Media has acquired 75% equity of Annuaires Téléphoniques de Bretagne (ATB), a French directory publisher based in Lorient, France. The current owner will retain the remaining 25 % of the company.
ATB publishes a local Yellow Pages directory (called Elitel) in the cities of Lorient, Vannes, Quimper, Pontivy Loudeac, Saint Nazaire and Angers. In excess of 600,000 directories are circulated to households annually. The company has been publishing directories for seven years, competing with France Telecom's pages Jaunes directories.
-- I am delighted to have the considerable experience and know-how of Telenor Media available to support the continued growth of the Elitel directory, says Mr. Jean-Yves Peres, President of ATB.
This is the second acquisition by Telenor Media in the French market, following the acquisition in 1998 of L’Annuaire Soleil, a local Yellow Pages directory for the metropolitan area of Paris.
-- With the ATB acquisition, we are taking a further step to increase Telenor Media's coverage in the French directory market. For the future we will continue to seek opportunities to expand our influence in France, says Mr. Peter Darpö, President of Telenor Media.
Contact:
President of Telenor Media Peter Darpö, phone +47 22 77 10 60, mobile phone 908 90 900
International Manager Jesper Simonsen, phone +47 22 77 12 99, mobile phone +45 40 15 18 38
Please note: This is not an offer of Securities for sale in the United States. Securities may not be offered or sold in the United States unless they are registered or exempt from registration. Any public offering of Securities in the United States will be made by means of a Prospectus that may be obtained from Telenor or the Norwegian State and that will contain detailed information about the Company and Management, as well as financial statements. Telenor and the Norwegian State currently may register securities for sale in the United States.
