Telenor Ups Glocalnet Stake

Telenor acquires 193,820 additional shares in Glocalnet taking its stake to 85.1%

March 1, 2006

1 Min Read

STOCKHOLM -- Telenor ASA has, through the wholly owned Swedish subsidiary TBS Infrastructure AB, on February 27, 2006 acquired 193,820 shares in Glocalnet AB. Thereby, Telenor ASA owns 215,052,321 shares in Glocalnet AB, together representing 85.1 percent of the capital and votes in Glocalnet AB on a fully diluted basis.

Telenor Group (Nasdaq: TELN)

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