Telenor
OSL:TEL ISIN:NO0010063308
News
Asian markets opened broadly firmer today after the Wall Street rally boosted by the unexpectedly good housing data in the US. Japan's Nikkei share average rose above the psychologically key 8,000 level in early trade.
Seoul shares rose on Wednesday after a holiday weekend, led by chip makers after German rival Qimonda filed for insolvency. The market is also lifted by overnight gains on Wall Street and big gains in Tokyo shares Tuesday. Japanese stocks gained nearly 5% yesterday as exporters benefited from a weakened yen. Markets that remained closed for the Lunar New Year included Hong Kong, South Korea, China, Singapore and Taiwan.
Telenor (OSL:TEL) (Fornebu, Norway and Omsk, Russia - 18 November 2008) The Eighth Arbitrazh Appellate Court in Omsk in Siberia has postponed until 12 December 2008 the hearing of Telenor's appeal of the USD 2.8 billion judgment issued against the Norwegian company last August in Khanty-Mansiysk.
Telenor (OSL:TEL) (Fornebu, Norway, 12 November 2008) Telenor has today received an open letter from Altimo and Altimo's international advisory board containing serious accusations against Telenor.
Telenor (OSL:TEL) (Fornebu/Dhaka, 10.11.2008) Grameenphone, the leading mobile phone operator in Bangladesh, today announced that its Board of Directors has appointed Oddvar Hesjedal (58) as the company's new Chief Executive Officer. He takes up the position immediately, succeeding Anders Jensen, who in September announced his decision of shortening his tenure as CEO for family related reasons.
Telenor (OSL:TEL) (Fornebu, 29 October 2008) "We are delivering a quarter with strong EBITDA margin and a solid operating cash flow despite reduced growth in revenues. During the quarter our mobile operations added 6 million subscriptions, reaching a total of 159 million. We maintain our outlook for 2008," said President and CEO of Telenor, Jon Fredrik Baksaas.
Telenor (OSL:TEL) (Fornebu, 29 October 2008) Telenor has entered into a definitive agreement to subscribe to new shares in Unitech Wireless for a consideration equivalent to USD 1,070 million. Subject to regulatory approvals, Telenor will hold a 60% controlling stake in Unitech Wireless.
Telenor (OSL:TEL) (Fornebu, Norway, 28 October 2008) Telenor on Monday learned, through a press release said to be issued by Farimex Products, of a decision in a Siberian appeals court in Omsk purporting to arrest Telenor and Altimo's shares in VimpelCom. "If this is true, it is an outrageous decision, which we intend to overturn using all available means," said Jan Edvard Thygesen, EVP and head of Telenor's operations in Central and Eastern Europe.
Telenor (OSL:TEL) (Fornebu, 27 October 2008) Telenor will present its financial results for the third quarter 2008 on Wednesday 29 October 2008 at 09:00 hrs Norwegian time/CET. The presentation, which will also be broadcast live over the Internet, will be held in Auditorium A, Telenor Expo Visitor Centre at Fornebu near Oslo. The figures will be published on Telenor's website at 07:00 CET.
Telenor (OSL:TEL) (Fornebu, 23 October 2008) Telenor is strengthening its position in the rapidly growing market for machine to machine communication (M2M), and has established a new company with a global scope.
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