TELN Telenor Asa ADS (MM)

OSLO, NORWAY Network Norway AS and Telenor Mobil AS have entered into a roaming agreement for Norway. Under this agreement Network Norway will lease capacity in Telenor's mobile network outside the areas the company has built its own.

The agreement involves Network Norway users being able to roam in Telenor's GSM network (2G), the more advanced UMTS network (3G) and the new mobile broadband network (HSPA). Network Norway has 400-450,000 mobile customers in Norway. Based on the current customer base and calling patterns, the agreement is estimated to be worth NOK 650-700 million in the first twelve months. The agreement will be fully effectuated from autumn this year.

"We are extremely pleased Network Norway has chosen to sign an agreement with Telenor. Our mobile network offers high quality and good coverage, and we are convinced the company and its customers will be satisfied," says Ragnar K�rhus, head of Telenor in Norway, and continues: "There is also no denying that the size of the agreement is extremely positive for Telenor."

"The agreement means we can give our customers access to mobile broadband solutions and that we will use Telenor's network where we do not have coverage ourselves," says Ingvild Myhre, CEO of Network Norway.

For further information, please contact:

P�l Kvalheim, Director of Communications, Telenor
Tel.: (+47) 970 44 970
Ingvild Myhre, CEO, Network Norway
Tel.: (+47) 900 38 442

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