Telenor Sees Broadband Boost

FORNEBU, Norway -- Internet usage is becoming increasingly advanced, and since June last year we have seen almost a doubling of broadband traffic from Telenor's customers. In response to this, Telenor is once again increasing the speed of its most popular broadband subscriptions in the consumer market.

The speed increases apply to the three most popular subscriptions: Mini, Basis and Pluss. The new speeds (kbps) will be up to 1500/300 (previously 700/160), up to 2500/350 (previously 1500/300) and up to 4000/400 (previously 3000/350), respectively. Prices will be unchanged. For new customers the new speeds will apply from 1. November, existing customers will be moved over to new speeds by Christmas. Network capacity is also being increased, both locally and centrally.

"Recently, development in the broadband market has moved from an explosive increase in number of customers to an explosive increase in use by those who have broadband. You could say that it seems broadband customers have definitely seen how they can utilise broadband to the full," says Olav Sande, Director of Broadband and Telephony in Telenor Consumer.

Telenor Group (Nasdaq: TELN)

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