Tormod Hermansen: "No shares offered to BT!"
(Oslo, 06-23-99) There have been some claims in the media today that the future C.E.O. of the proposed merged Telenor/Telia, Mr. Tormod Hermansen, has offered BT (British Telecom) an ownership share of between three and 15 per cent in the new company. ”I have of course not offered any such thing to BT relating to ownership shares. Distribution of shares will be handled by the owners – the Norwegian and Swedish governments – and I strongly reject such unfounded claims,” states Mr. Hermansen. June 18, 1999
Letter of Intent Between Telenor and Cisco Systems: All-out effort to build new infrastructure
(Oslo, 06-18-99) Telenor has signed a letter of intent on a comprehensive collaboration with Cisco Systems, the world's leading supplier of electronic systems for the Internet. The aim is to build a test version of an integrated infrastructure based on the Internet Protocol (IP) for telephony, data and multimedia services from land-line and mobile connections. Based on the test results, Telenor can eventually replace the variety of networks currently in use with this Full Service Network (FSN). June 15, 1999
EU extends study of merger between Telenor and Telia
(Oslo/Stockholm, 06-15-99) The EU Commission Tuesday decided to expand its analysis of the proposed merger between Telenor and Telia. The study now enters what is called phase 2, a phase which may last up to four months. June 11, 1999
Telenor launches broadband internet access with ADSL
(Oslo, 06-11-99) Telenor became the first telecom operator in Scandinavia to offer the new terrestrial broadband ADSL (Asymmetric Digital Subscriber Line) service on June 7th. Initially available in central regions of Oslo, Bærum and Tromsø, the ADSL service offers businesses Internet access at speeds from 5 to 30 times higher than an ISDN connection, at a price which is lower than a leased line. June 11, 1999
Telenor to launch new Inmarsat global area network service
(Oslo, 06-11-99) Telenor will be one of the first Inmarsat operators and service providers to launch Inmarsat’s new Global Area Network (GAN) for mobile multimedia applications, offering the service from the third quarter of 1999. GAN is the world’s first global communications switched system for mobile multimedia applications. June 11, 1999
The 1999 Telenor Research Award goes to the Telepathology Group in Tromsø
(Oslo) The 1999 Telenor Research Award has been given to the Telepathology Group within the telemedicine project in Tromsø. The group gets the prize for its contributions to develop and promote telepathology as a methode within telemedicine. The award money of NOK 250,000 is Friday handed over in Langesund, at the the annual gathering for the Norwegian electronics and computer trades. June 7, 1999
Change in dividend from Telenor
(Oslo) Telenor’s general assembly has in its meeting June 4 changed the dividend published in the company’s annual report for 1998. The dividend has been increased by 25 million NOK to 700 million NOK, and retained earnings has been reduced accordingly. June 7, 1999
Industry leaders form focus group to promote third generation wireless IP technology
(Monte Carlo) AT&T, BT, Rogers Cantel, Ericsson, Lucent Technologies, Nokia, Nortel, Telenor and TIM, Global Leaders in Mobile Communications are forming a 3G.IP focus group to develop an all IP based architecture for 3rd generation mobile systems. April 29, 1999
Telenor, 1st Quarter 1999
(Oslo,) The Telenor Group's operating profit for the 1st quarter of 1999 was NOK 810 million, an increase of NOK 36 million compared to the same period in 1998. Compared to the 1st quarter of 1998, the growth in turnover was just over 14 per cent and came primarily from network-based services such as fixed and mobile telephony and satellites. April 29, 1999
Telenor, 1st Quarter 1999
(Oslo, 04-29-99) The Telenor Group's operating profit for the 1st quarter of 1999 was NOK 810 million, an increase of NOK 36 million compared to the same period in 1998. Compared to the 1st quarter of 1998, the growth in turnover was just over 14 per cent and came primarily from network-based services such as fixed and mobile telephony and satellites. April 22, 1999
Annual Report 1998 available
Oslo, 04-22-99) Telenor's annual report for 1998 is now available, either from our website or as a printed version. Requests for printed reports should be made either via email to Telenors trykksaksenter or by fax: (+47) 22 16 03 28. Please remember to enclose your complete postal address. March 31, 1999
Agreement Between Owners Finalised for Merger of Telenor and Telia
(Stockholm/Oslo, 03-31-99) "I am pleased that the agreements between the owners have now been finalised for the merger of Telenor and Telia. Now we will be devoting all our energy to creating an international and expansive telecommunications company. With the strong position we enjoy on our home markets as our point of departure, our ambition is to become a leading actor in Europe and globally in areas where the new company will have unique competence."
These are the words of Tormod Hermansen, the future president and CEO of the merged Telenor/Telia, in a comment on the signing of the final agreements for a merger of the companies. March 18, 1999
Telenor and Ericsson launch the "mobile wallet"
(Oslo, 03-18-99) A new technology developed by Telenor Mobil and Ericsson in Norway allows you to order goods and services from your mobile phone. The bill is paid at the same time via the phone’s display and SIM card. After Easter, a trial project will allow test subscribers to purchase cinema tickets, using their mobile phones. February 22, 1999
1998 Preliminary results for the Telenor Group
(Oslo, 02-22-99) Preliminary results for 1998, show operating income of NOK 28,380 million for the Telenor Group. This is approximately 11 per cent more than the previous year. Operating profits increased with NOK 1,081 million to NOK 3,847 million. Profit before taxes increased with NOK 592 million to a total of NOK 2,057 million. Senior Vice President Torstein Moland has commented that “ Telenor is satisfied with the net result for 1998. This result reflects a very strong increase in fixed network, mobile telephony as well as satellite communications. Our net result has also been affected by NOK 800 million in price reductions made by Telenor in 1998. “ January 19, 1999
Telenor and Telia to be merged into a new company
(Oslo/Stockholm, 01-20-99) The Norwegian Minister of Transport and Communications Odd Einar Dørum and the Swedish Minister of Industry Bjørn Rosengren on Wednesday signed a letter of intent to merge Telenor and Telia into a new company. The agreement is based on commercial principles, equality between the two countries and a precondition that the new company will be partially privatized and listed on the stock exchange.
