Telenor Has 150M Subs

Telenor surpasses 150M mobile subscribers

June 20, 2008

1 Min Read

FORNEBU, Norway -- The total number of subscriptions in Telenor's mobile operations has now passed 150 million. This was announced at Telenor's Capital Markets Day on Thursday.

"We are happy to reach this new milestone, only a year and a half after we announced 100 million subscriptions. Since then, Telenor has experienced strong customer growth, especially in Pakistan and Bangladesh. As the world's seventh largest mobile operator, we are well-positioned for future growth, both in subscriptions and in mobile use among existing customers," said Telenor President and CEO, Jon Fredrik Baksaas.

The 150 million subscriptions figure is based on all subscriptions from both consolidated and associated companies.

In a separate release:

OSLO, Norway -- Telenor Pakistan has climbed up the ranking of the Pakistani telecom sector and is now the country's second largest mobile operator according to latest figures released by the Pakistan Telecommunication Authority (PTA).

With a subscriber base of 17.84 million and a market share of 20.6 per cent, Telenor Pakistan has moved up to the number two position in Pakistan, ahead of Ufone at 17.80 million.

Well-positioned for future growth

"Moving up to second place in Pakistan's mobile industry is a landmark achievement for Telenor Pakistan which is at present the single largest direct European investment in the country, and very well-positioned for further growth. Telenor Pakistan is a vital part of the Telenor Group's Asian strategy. Telenor Pakistan is proud to have contributed to the successful growth and development of telecommunications in Pakistan. We are also proud of the progress that we have made as a successful company," said CEO, Telenor Pakistan, Tore Johnson.

Telenor Group (Nasdaq: TELN)

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