Telenor acquires Tele2 Denmark

Tele2 Denmark has, as of year end 2006, 227.000* mobile customers, including 100.000 post-paid subscribers, 75.000 broadband customers, 206.000 fixed-line customers. This acquisition boosts Telenor's Danish mobile market share from 23,3 to 27,3** percent and broadband market share from 10 to 14 percent.

"Our Danish organisation is performing strongly, and this acquisition is a tool to ensure continued progress," said Morten Karlsen Sørby, Executive Vice President and Head of Telenor Nordic. "To be successful in the telecom industry, you need to secure sufficient size and this acquisition is an opportunity to further utilise scale advantages in mobile as well as broadband in Denmark and the Nordics," said Morten Karlsen Sørby.

"Over the last ten years, Tele2 Denmark has provided good service to customers by offering competitive products and services. As the largest challenger in the Danish telecom market, we are now looking forward to build on this foundation," said Henrik Clausen, Head of Telenor in Denmark. "For the customers, this will be an easy transfer, since Tele2 Denmark's systems are easily adapted to our other activities. Tele2 is already a significant customer through its capacity lease agreements of Sonofon's mobile network, and the DSL infrastructure is well-suited for integration with Cybercity's existing network," said Henrik Clausen.

With the acquisition of Tele2 in Denmark, and good underlying growth in the existing business, Telenor Denmark maintains its aim of growing faster than the rest of the market.

"Our ambition is to always challenge the Danish market. We shall dare to approach things in new ways, and always provide competitive new services and products. In this way, customers will recognise us as a challenger capable of meeting their needs," ends Henrik Clausen.

About Tele2 Denmark
The transaction is subject to approval from the Danish competition authorities. After completion of the transaction, the operation of the company will be run under the existing brand name during a transitional period. Tele2 Denmark, which has approximately 60 employees, will become a part of the Telenor group Danish operation.

For more information, please contact

Karin Hindkjær, Head of Communications Telenor Denmark
phone: (+45) 721 26 036

Pål Kvalheim, Vice President Communications, Telenor Nordic
phone: (+47) 970 44 970


* Number of customers is based on report to The National IT & Telecom Agency, Denmark. Second half 2006

** Marketshare based on Telecom Statistics - National IT & Telecom Agency, Denmark. First half 2006