Du är här

2014-04-25

Telenor: Telenor powers Pakistan with 3G, stage set for Internet for All

(Fornebu, Norway, April 25, 2014) Winning 3G spectrum license in Pakistan this
week, Telenor Group continues its steady rollout of high-speed mobile data
and Internet for All across its Asian markets. Telenor Pakistan was granted
2x5 MHz of 3G spectrum in the 2100 MHz band, valid for 15 years, in the
country's first-ever next-generation auction conducted by the Pakistan
Telecommunication Authority (PTA).

Telenor Pakistan becomes the fourth of Telenor Group's six Asian operations
with 3G network infrastructure. Telenor will add millions of Pakistani
subscribers to the Group's growing base of more than 100 million subscribers
in its 3G-powered Asian markets.

"This is a strong start of the next chapter for Telenor Pakistan and a great
milestone for our tenth year in operation. Pakistan is our fourth '3G market'
in Asia, and as we've already experienced in Thailand, Malaysia and
Bangladesh, 3G is the enabler of better, faster and more flexible data
services and, of course, of Internet for All," said Tore Johnsen, Senior Vice
President, Telenor Group region Asia and Chairman, Telenor Pakistan.

With a 3G-ready network already in place, Telenor is planning a rapid rollout
across Pakistan as soon as necessary clearances are issued. Telenor's
8,000--site network in Pakistan has been ready for next-generation
technologies since 2013, when the company conducted a comprehensive
modernization of its network infrastructure. The company has already
developed and introduced comprehensive internet content offerings to its
customers, including partnerships with services such as Facebook and
WhatsApp. As early as 2009, Telenor Pakistan partnered with Tameer Bank to
create Easypaisa. Today, Easypaisa is one of the world's most successful
mobile, branchless banking services and a key driver for financial inclusion
in Pakistan.

The total cost of the spectrum granted to Telenor Pakistan in the April 23,
2014 auction will be USD 147,5 million.

Internet for All in Pakistan
The arrival of 3G represents the beginning of a new age of connectivity in
Pakistan. Today, barely 1 in 10 of Pakistanis has access to the Internet.
While millions of Telenor Pakistan customers are using internet services over
2G today, it is expected that this number will soar as 3G is introduced.

Telenor Group notes that increases in penetration of 3G service generate
significant economic benefits. A recent study conducted by GSMA revealed that
a 10 percent substitution from 2G to 3G penetration increases GDP per capita
growth by 0.15 percent. With the current cellular mobile tele-density
crossing the 73 percent mark in Pakistan just last November, the rollout of
3G mobile services this year is likely to play a pivotal role in the
country's socioeconomic development, the Group predicts.

With its 35 million customers and a network that covers 75% of Pakistan's
population, Telenor Pakistan is the second largest telecom operator in the
country. The company is wholly owned by Telenor Group and has a strong track
record of providing industry-leading mobile services and innovations for all
in the country.

Contact:
Tor Odland
VP Communications
Telenor Group Region Asia
Mobile: +66 82 479 4242
tor.odland@telenor.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#1779955

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.