AndhraNews.net
Home » Business News » 2011 » February » February 16, 2011

Telenor Group passed 100 million subscribers in Asia


February 16, 2011 - London

(Barcelona, 16 February 2011) Telenor Group today announced that it has passed more than 100 million subscribers in Asia. This milestone marks another significant achievement in Telenor Groups successful history in the region.

The announcement was made by Sigve Brekke, Executive Vice President of Telenor Group, and head of Telenor Group's Asian Operations at GSMA World Congress 2011 in Barcelona.

"With more than 100 million subscribers in Asia, Telenor Group continues to develop and reinforce its position as a leading pan-Asian provider of telecommunication services. This position is based on a long term industrial commitment, a strong customer focus and a fundamental belief that the mobile phone would benefit emerging economies as a vital tool in improving quality of life in the region," said Sigve Brekke.

Telenor Group entered Asia in 1996, and has since emerged as a leading regional mobile operator. At the end of 2010, Telenor Group's five Asian operations generated 39 percent of the group's total revenues and obtained an operating cash flow above NOK 10 billion. In subscriber growth Telenor Group added more than 23 million subscribers in Asia in 2010.

Telenor Group, today controls mobile operations in five Asian markets with Grameenphone in Bangladesh, Uninor in India, dtac in Thailand, DiGi in Malaysia and Telenor in Pakistan.

For almost 15 years Telenor has been a driving service innovation and customer experience in the mobile sector in Asia. Telenor Group's unique segmentation and distribution platforms have become a competitive advantage, enabling its local operations to connect millions of previously unconnected people with basic mobile phone services. With strong local brands, Telenor ranks among the top operators in our established markets in the region.  

"As a mobile operator with a strong industrial background, Telenor Group has a long term commitment to developing our operations. Since entering into the Asia we have made significant financial investments and deployed management competence and industrial know-how", said Sigve Brekke.

"The demand for basic services will continue to be high, as penetration in some of our markets is still low, but the next big growth area in Asia will be mobile data and access to internet services. To secure a speedy adaptation of internet services it is important that local governments establishes regulatory framework that are investment friendly, secures a level playing field and stimulates continued development," said Sigve Brekke.

 Contact:

Glenn Mandelid
Director of Communications

Telenor Group - region Asia
mobile: +66 82 440 1122

 

About Telenor Group

Telenor Group is an international provider of tele, data and media communication services. Telenor Group has mobile operations in 11 markets in the Nordic region, Central and Eastern Europe and in Asia, as well as an economic stake of 39.6 per cent in VimpelCom Ltd., operating in 10 markets. Headquartered in Norway, Telenor Group is one of the world's major mobile operators with 203 million mobile subscriptions (111 million in consolidated operations and 92 million in VimpelCom Ltd per Q4 2010), revenues in 2010 of NOK 95 billion, and a workforce of approximately 33,200 employees. For more information about Telenor Group, please visit www.telenor.com

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Telenor via Thomson Reuters ONE

GlobeNewswire

Comment on this story

Share