Exercise of Viag option
(Oslo, 29 December 200) Telenor today gave British Telecommunications plc (BT) notice of the exercise of its put-option related to its 10% stake in VIAG Interkom GmbH & Co (VIAG Interkom). The transaction is expected to be completed during January 2001. The transaction will involve a total payment Telenor of more than NOK 20 billion (based on todays exchange rates) which will mainly go towards downpayment of loans. This represents a payment of approximately NOK 13 billion for Telenor’s stake and a payment of approximately NOK 7 billion in respect of the repayment of loans which have been advanced by Telenor to VIAG Interkom. The disposal will give Telenor a pre tax profit of more than NOK 10 billion
December 29, 2000
Telenor adjusts its prices
(Oslo, 29 December 2000) Telenor will be making some changes to its prices at the turn of the year. The minimum call charge will be increased in both the fixed and the mobile networks, while fixed network call rates (Norway price) per minute will be reduced for daytime calls. It will also be cheaper to call from the fixed network to Telenor Mobil and to several countries in and outside Europe. December 19, 2000
Telenor awarded UMTS licence in Portugal
(Oslo/Lisbon, 19 December 2000)The Portuguese company ONI WAY, where Telenor has a 20 per cent stake, has been awarded a licence by the Portuguese Government for third generation mobile operations (UMTS) in Portugal. The licence was awarded after a “beauty contest”, where the price for each licence was set to 100 million Euro. December 18, 2000
Telenor and Ericsson sign UMTS contract
(Oslo, 18 December 2000)Telenor has signed a contract securing Ericsson as its main supplier during the development process of Telenor's UMTS network in Norway. December 18, 2000
Telenordia not awarded UMTS license
(Oslo/Stockholm, 16 December 2000) Telenordia, the joint venture between Telenor and BT, was not awarded a license for third generation mobile operations (UMTS) in Sweden. December 15, 2000
Telenor and Oracle sign global partnership agreement for ASP
(Oslo, 15 December 2000) Telenor has signed a global partnership agreement with Oracle, one of the world’s largest software companies. The agreement gives Telenor worldwide non-exclusive rights to use Oracle’s technology platform as the basis for ASP (Application Service Provider) and outsourcing services. Telenor is one of the first companies in Europe to enter into such an agreement with Oracle. December 13, 2000
Telenor chairman resigns
Chairman of the board in Telenor ASA, Mr. Eivind Reiten, will resign as a result of his acceptance to become President and CEO of Norsk Hydro from May 2nd 2001. December 6, 2000
BT and Telenor agree on extending option on Esat Digifone
(Oslo, 06 Dec 2000) BT and Telenor agree on extending Telenor’s put option on Esat Digifone from December 7 this year to February 7, 2001. December 3, 2000
Telenor announces final details in relation to its IPO
At a press conference in Oslo Sunday, Telenor announced final details in relation to the completion of the Company’s IPO. December 1, 2000
Telenor IPO: Indicative price range revised to NOK 42 to NOK 46 per Ordinary Share
Telenor announced today that, due to changed market conditions, it has revised the indicative price range for its IPO to be NOK 42 to NOK 46 per ordinary share (or US$13.57 and US$14.86 per ADS). The total Global Offering (excluding the over-allotment option) would raise a total of between NOK 15.6 billion and NOK 17.1 billion in the form of new shares, with the full proceeds accruing to Telenor. December 1, 2000
Telenor has sold its head office in Oslo
(Oslo 1 December 2000) Telenor has signed an agreement to sell the group’s head office in the centre of Oslo (Universitetsgt. 2) to Entra Eiendom AS and Selmer ASA for a price of 550 million kroner. Subject to the approval of the Board, the sale will be completed by the end of the year.
November 30, 2000
Ready for 3G: Norwegian UMTS licence awarded to Telenor
On Wednesday 29 November, Telenor was awarded a 3G licence to build the next generation of mobile network. The company will now start the process of building its third generation mobile network so that during the next five years, all areas in Norway with a population of more than 200 will have access to new mobile services. November 20, 2000
Telenor announces details of its forthcoming IPO
At a press conference in Oslo on November 10, 2000, the Norwegian Ministry of Trade and Industry and Telenor announced further details in relation to the Company’s forthcoming IPO. November 8, 2000
Telenor Internet with ADSL
Telenor is now preparing for the December 1 launch of Telenor Internet with ADSL, a new product featuring high-speed connection to the Internet, 24-hours a day, at a fixed price. October 12, 2000
Half-year results from Telenor
(Oslo, 16.08.2000) Telenor group’s operating profit for the first half-year of this year was NOK 1.983 million, which is an increase of NOK 188 million compared to the same period last year. The growth in operating income compared to the first half-year of 1999 is almost 10 percent. Telenor’s pre-tax profit for the first half-year was NOK 1.657 million which is NOK 309 million more than the same period last year. October 6, 2000
Telenor hangs up on the analogue NMT-900 mobile network
As of 1 March 2001, Telenor will close down its NMT-900 analogue mobile network. Norwegian authorities agree with Telenor that the digital GSM system is a fully acceptable alternative to the NMT-900 system and have shortened the licence period, which will now be terminated at the end of February 2001. Norwegian NMT-900 subscribers will either be compensated or offered reasonably priced GSM subscriptions. October 3, 2000
Telenor launches Masters degree in Telecommunications Strategy in association with the Norwegian Uni
Telenor, an international provider of high quality telecommunications, data and media communication services, has kicked off the first term of its Masters degree in Telecommunications Strategy (MTS). The degree will be run in partnership by Telenor Corporate University (TCU) and the Norwegian University of Science and Technology (NTNU), and is one of the first of its kind in the world. October 3, 2000
Nextra moves into Russian internet market with take-over of leading ISP, Elvis Telecom
Nextra, the pan-European communications service provider (CSP) owned by Telenor, today announced the purchase of the majority share of the Russian ISP, Elvis Telecom, from VimpelCom and its founders. This purchase is the latest in a series of similar purchases of ISPs throughout Europe by Nextra. September 22, 2000
Nextra awarded license and announces the creation of new Czech Wireless business
Nextra, one of Europe's foremost internet-based service providers for the business community, today announced the formation of a new wireless business – Nextra Wireless s.r.o. The new Prague based enterprise, which will be headed up by Vojtech Vrba, was created following the successful tender for one of three new Czech network operator licenses for FWA (26 GHz Fixed Wireless Access). The Czech Telecommunication Authority officially assigned the license to Nextra on 21 Sept. 2000.
September 21, 2000
Nextra creates major new force in European messaging services
Telenor's Nextra establishes a new company, TTYL (Talk To You Later),to take advantage of growing demand for seamless messaging services. September 21, 2000
Telenor and INTELSAT launch new satellite partnership at 1 degree West
(Washington, D.C./Oslo, Norway) Telenor of Norway, one of Europe’s leading satellite operators, has purchased a quarter of the capacity available on the INTELSAT satellite that is to be launched in 2003, both organisations announced today, Thursday. September 20, 2000
Nextra enters neighboring Nordic countries
Telenor’s Internet company, Nextra, launches in three Nordic countries. At the same time, Nextra AB strengthens its debut in the Swedish market with the purchase of rising ASP Mirea. September 13, 2000
Telenor largest shareholder in Inmarsat
Telenor and Lockheed Martin Global Telecommunications (LMGT) have agreed for Telenor to acquire approximately one-third of LMGT’s stake in Inmarsat Ventures Limited. September 12, 2000
Telenor to test digital TV via telephone net
(Oslo 12.9.00) Telenor will be the first telecommunications company in Europe to test out VDSL (Very high-speed Digital Subscriber Line), a new broadband technology which will enable data transfer of up to 25 Mbit per second via existing telephone cables. Telenor customers in Stavanger and Sandnes will have the opportunity from this fall, to test out up to 30 digital TV channels and high-speed Internet via the telephone network. September 4, 2000
Telenor signs contract with Worldview Global Media Ltd.
Telenor and the Sri Lanka based company Worldview Global Media Ltd have signed an agreement for the development and supply of information and communication services in Europe that aim to enhance international cultural exchange. The agreement has been entered into by ColourSat; a part of Telenor Broadband Services. ColourSat has also signed an agreement for the distribution of two new Indian TV-channels. August 31, 2000
Djuice.com enters into agreement with Total Access Communication (TAC) in Thailand
(Bangkok/Oslo)Telenor’s Djuice.com and “TAC” (Total Access Communication) in Thailand have signed an ASP (Application service provider) agreement concerning the development, establishment, promotion and marketing of a mobile Internet portal for the Thai market: Djuice.co.th.
Djuice.co.th provides both an English and a Thai language version, and in the local portal a large number of Wireless Application Protocol (“WAP”) and Personal Digital Assistant (“PDA”) links are available.
August 31, 2000
Telenor acquires 50 per cent of Telenordia
Telenor and BT have entered into an agreement to acquire TeleDanmark’s shares in Telenordia. Telenordia is Sweden’s fourth largest telecom operator with more than 300,000 customers. Telenor’s part of the acquisition amounts to approximately NOK 1.24 billion. Following completion of this transaction, Telenor will own 50 per cent of Telenordia.
Telenor and BT will acquire 50 per cent each of TeleDanmark’s 33.33 per cent stake. This means that Telenor and BT will each own 50 per cent of Telenordia. Telenordia, which commenced business operations in 1995, is today the fourth largest telecom operator in Sweden with more than 400,000 customers in the field of fixed line, data and Internet for the business market and public sector. The company had a turnover of more than SEK 1.5 billion in 1999.
August 24, 2000
Norsk Data Ltd acquires XTML to broaden its range of managed services offerings
Telenor-owned Norsk Data, a leading UK provider of IT business solutions, including computer maintenance services, has today announced that it has acquired a majority stake in XTML for an undisclosed sum. XTML is a leading provider of business critical internet hosting and application service provision (ASP) for businesses in UK.
August 17, 2000
Telenor reaches agreement with BT on shares in Viag Interkom
Telenor supports BT’s acquisition of E.ON’s (formerly Viag and Veba) 45 per cent stake in German Viag Interkom. At the same time, BT and Telenor have entered into an agreement whereby Telenor may decide to sell its ten per cent stake in Viag Interkom before the end of the year. After this period BT has the right to acquire Telenor’s shares through a call arrangement, for a period of three months. Telenor has made no decision to sell and BT and Telenor remain important strategic partners.
August 4, 2000
Telenor invests in business-to-business in Finland
Not for distribution in the US, Canada, Australia or Japan.
Telenor Media has purchased 60 per cent of the Finnish company Telefakta Telemarketing OY, with the intention of establishing a new business-to-business (B2B) concept in Finland.
July 26, 2000
Telenor to transmit two Indian TV-channels
ColourSat, a business unit in Telenor Broadband Services will soon add two new channels to its rapidly expanding line-up of ethnic and thematic channels. The company has signed an agreement with the UK based Indian production company, Bollywood Eros Network Ltd., to distribute B4U Movies and B4U Music in Europe. Distribution of the two Indian channels is scheduled to start at the beginning of August.
July 21, 2000
Prepaid calling cards go satellite
July 20, 2000
Nextra announces the creation of new Swiss ASP business
The growing pan-European ISP commences implementation of its ASP business strategy.
July 13, 2000
Nextra secures Internet customers
Nextra secures their Internet-customers in the Norwegian private market through a new deal with Symantec, a worldwide producer of security software. Users are effectively protected against virus attacks and hacking over the net.
July 3, 2000
Telenor Technology Services acquired by Jabil Global Services
