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2017-01-31

Telenor: Telenor Group makes your car smart

Telenor Group today announced the pilot of Telenor Connect, a new IoT app
enabling drivers to keep track of their car, and the establishment of a new
Nordic Car Connect Forum with key leading partners.

In addition to a comprehensive overview of vehicle status, car owners also
have access to a complete ecosystem of car-related and tailored services
within the app. A network of trusted partners will offer personalized and
timely offers to the customer, ensuring a seamless experience for the car
owners.

Telenor Connect will first be tested in Norway, Sweden and Denmark, before
being rolled out in the Nordics as well as potentially in other markets in
Telenor Group's global footprint and beyond.

The IoT initiative will be unveiled at the first Nordic Car Connect Forum at
StartupLab in Oslo today. The newly established forum gathers representatives
across sectors, company size and borders, and aims to become the number one
meeting point for companies driving innovation within the connected car
ecosystem in the Nordics.

"As IoT increasingly goes mass market, Telenor wants to offer customers smart
and useful services that make their daily digital lives easier. By 2020,
forecasts indicate that more than 250 million connected cars will be on the
roads and we know that within IoT, the connected car offers one of the
biggest opportunities. Telenor can play a central role in moving IoT for cars
beyond navigation by enabling a digital platform for new services within the
connected car ecosystem. The mobile phone offers endless opportunities for
our partners and also the startup community, which can develop content for
the app ecosystem," says Sigve Brekke, President&CEO of Telenor Group.

Telenor Group has partnered with leading companies in their verticals in the
Nordics to provide the best offers and services for the user of Telenor
Connect; Bertel O. Steen (Norway only), Circle K Europe, EasyPark, If P&C
Insurance, and Mekonomen Group (not Denmark). The customer can choose which
services they want to use and with whom to share data with from the app.

The app will also offer 4G Wifi hotspot in the car, enabling a range of
tailored in-car entertainment services on the move.

Telenor Group is a member of European Automotive-Telecom Alliance and has
significant competence and experience within IoT, primarily through its
global vehicle Telenor Connexion. Together with customers including car
companies such as Volvo and Nissan, the company has designed smart and
innovative IoT solutions deployed across the globe. The Telenor Connect app
is the latest step in Telenor Group's smart car offering and has been
developed by Telenor and partner Swedspot, a spin-off from Swedish
car-manufacturer Saab Automobile which offers connectivity solutions for
vehicles.

The ecosystem API makes it possible for Telenor's large partner and startup
network to develop applications for the platform and to expand the connected
car ecosystem to become the leading app store for cars in the Nordics.

Press contact:

Hanne Knudsen, Telenor Group Communications
+4790804015
Hanne.knudsen@telenor.com

Clickhere for the logo&app illustrations

About the Nordic Car Connect Forum:

The forum gathers representatives across sectors, company size and borders,
and aims to become the number one meeting point for companies driving
innovation within the connected car ecosystem in the Nordics. The members
will meet quarterly and will be organized by and at locations of the founding
partners Bertel O. Steen, Circle K Europe, EasyPark, If P&C Insurance,
Mekonomen Group, Swedspot and Telenor Group.
Twitter
@NCCForum

www.nordiccarconnect.com

Quotes from the founding partners of Nordic Car Connect Forum:

Bjorn Maarud, CEO Bertel O. Steen AS.
"Bertel O. Steen wants to be an active contributor in what we consider to be
the most innovative ecosystem in the Nordic region. By being one of the
initial partners in this, we get a unique opportunity to evaluate and develop
new products and services to our customers. This is just the start of how we
will communicate with and offer products and services to our customers in the
future - and we are ready."

Jacob Schram, Group President Europe, Circle K
"Our business will change more in the next decade than in the last century. To
make life easier for our customers in an ever changing world, it is essential
that we share our knowledge and develop in competent partnerships."

Johan Birgersson, CEO EasyPark Group
"I'm delighted to be teaming up with Telenor for this year's Nordic Car
Connect forum. This is an exciting era for drivers everywhere, and EasyPark
is proud to be working with such strong partners to improve the urban
experience by providing drivers with smart new services. Together we remain
at the cutting edge of digital parking solutions, leading innovation within
the connected car ecosystem in the Nordics."

Morten Byholt, Nordic Head of Product and Pricing, If P&C
"If P&C's ambition is to be the leading insurer for connected services. Our
goal is to test new customer friendly solutions, that simplifies the daily
lives of our three million customers. We are honored to have been invited to
the Nordic Car Connect Forum by Telenor and look forward to exploring new
exciting opportunities together."

Petra Bendelin, CEO of ProMeister Solutions within Mekonomen Group
"Together with leading partners in the Nordic Car Connect Forum we will offer
even more comprehensive solutions and services tailored to each car owner.
The connected car is the next step in our efforts to develop our industry,
create transparency and make car life easier."

Niclas Lindmark, CEO Swedspot
"The connected vehicle is a disruptive technology that will change traditional
auto industry structures, lead to new business models and change the nature
of the business. The key to be competitive in the new landscape is to work
with open ecosystems and partnerships."

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Telenor via Globenewswire

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