Press Releases

02
November 2005

Prime Minister applauds Telenor's Performance

ISLAMABAD, November 2, 2005: Prime Minister Shaukat Aziz, meeting with a four member delegation of Telenor, appreciated the current surge of foreign investment in the country, especially in the telecom sector and Telenor Pakistan's major contribution towards the industry's growth.

Speaking to Chairman, Telenor Pakistan & CEO Telenor Mobile Arve Johansen, the Prime Minister expressed his interest in benefiting from the wide international experience of Telenor and also applauded the companies relief efforts in the wake of the recent tragedy.

Mr. Johansen extended his sympathies to the Prime Minister on the October 8th earthquake and ensured Telenor's commitment towards Pakistan and its people.

Telenor contributed PKR 65 million (Rs. 50 Million to the Red Cross for relief efforts in Pakistan from Norway and Rs. 15 Million to the President Earthquake Relief Fund from Telenor Pakistan). The company was the first to setup its network coverage in the affected areas, establish free mobile PCO booths at the disaster sights and offer free connections to government relief teams and other social workers. Relief goods from global Telenor family were also collected and distributed through various NGOs working in the quake hit areas.

The Prime Minister was pleased to know of Telenor's recent acquisition of Vodafone Sweden for 1.035 billion Euros and further consolidation in TAC Thailand. The acquisition of Vodafone Sweden will increase Telenor's Scandinavian mobile customer base by 37 percent, to a total of 5.6 million subscribers, whereas, TAC acquisition will amount to a sum of up to USD 720 million.

Telenor today is the fastest growing cellular network already covering 110 cities and major highways.

Telenor Pakistan is the newcomer among the 12 Telenor mobile companies worldwide. The company is 100% owned by Telenor and adds on to operations in Asia together with Thailand, Malaysia and Bangladesh.