Telenor IPO: Indicative price range revised to NOK 42 to NOK 46 per Ordinary Share

The Global Offering will continue to comprise 372,151,899 ordinary shares (excluding the over-allotment option), arising solely from a capital increase, representing 21% of Telenor’s share capital after completion of the offering. The Ministry of Trade and Industry has granted the underwriters an over-allotment option representing 15% of the Global Offering, excluding the Norwegian retail offering.

Shares are expected to start trading on the Oslo Stock Exchange and on Nasdaq on Monday, on 4th December.

A copy of the prospectus for use in the United States can be obtained from:

Goldman, Sachs & Co.
Registration Department
85 Broad Street
New York, New York 10004