Telenor not awarded UMTS license in Denmark

The distribution of the licenses was conducted through an open auction with a minimum price of DKK 500 million. The price to be paid for each license is DKK 950 million, equivalent to the fourth highest bid in the auction.

"Our business plan for the Danish mobile market did not permit us to pay the price which was set for the licenses", says Arve Johansen, CEO of Telenor Mobile. "We believe Sonofon will have ample possibilities of pursuing the implementation of the 3G strategies set out by the company."



Telenor ASA
Telenor ASA is an international provider of high quality telecommunications, data and media communication services, with a particularly strong focus on mobile, Internet and broadband services. Headquartered in Oslo, Norway, the company is present in over 30 countries, with revenues of NOK 37.6 billion (US$4.3 billion) in 2000. Internationally, Telenor continues to target investments within mobile, Internet, TV-distribution and satellite communications, constantly providing its worldwide customers with leading-edge solutions at competitive prices. Telenor ASA is listed on the Oslo Stock Exchange (TEL) and Nasdaq in New York (TELN).

Telenor Mobile ("TM")
TM is the mobile business area of Telenor, offering voice, data, Internet, e-commerce and content services. TM is one of the world's most advanced mobile operators with a leading position in the Norwegian market and with ownership in 14 mobile companies throughout the world. TM's total number of subscribers as of year-end 2000 was approximately 5.9 million - 2.3 million in Norway and 3.6 million abroad - calculated on an equity basis.