Press Releases

January 1970

President Musharraf thanks Telenor for contributions to Pakistan

Islamabad, 24 January 2006: On Tuesday, President General Pervez Musharraf visited Telenor's headquarters at Fornebu, Oslo. The visit of President Musharraf coincides with Telenor Pakistan exceeding 2 million customers in less than 11 months of operation. Telenor group's President and CEO Frederick Baksaas and the CEO of Telenor Pakistan Tore Johnsen welcomed the President at the headquarters.

Together with representatives from the Norwegian industry, the President participated in a Round Table Conference on business opportunities in Pakistan. In the following press briefing, the President expressed his gratitude to Telenor for organising the Round Table Conference and for spearheading investments from Norway into Pakistan.

I am greatly honoured by President Musharraf's initiative to visit Telenor. I am also very satisfied with the outcome of the Round Table Conference that we facilitated today. We have all learned more about the Government of Pakistan's vision for the country and the business opportunity that Pakistan has to offer. The Government of Pakistan recognises the importance of telecommunications in today's world. We are thankful for their contributions in securing a liberal and transparent market, characterised by a level playing field. This approach has brought significant foreign investments, and the ensuing competition has benefited both consumers and businesses in Pakistan. Telenor has made a long-term commitment and aims to play a significant role in the development of communication services in Pakistan, said Telenor group's President and CEO Jon Fredrik Baksaas. A jubilant Baksaas also declared, Today we exceed 2 million customers in Pakistan.

Speaking on the occasion, the CEO Telenor Pakistan Tore Johnsen said, Telenor Pakistan is committed to working with the government and its partners in order to contribute positively to the health and perception of the Telecom sector in Pakistan and abroad, and hosting this conference was also aimed at that very objective. Commenting on Telenor Pakistan's crossing the 2 million subscribers' mark, Tore added, It is Telenor's assurance of excellent connectivity, superior voice clarity, innovative product offers and high quality customer services that has led to this remarkable achievement in less than 11 months. Telenor is the fastest growing network in the market and we are thankful to our partners, our employees and our customers who have made our vision a reality.

In addition to President Musharraf and members of Telenor top management, the conference was attended by top official members of the Government of Pakistan, including: Mr. Khurshid M. Kasur, Minister of Foreign Affairs; Mr. Jehangir Khan Tareen, Minister for Industries and Production; Mr. Awais Khan Leghari, Minister for Information Technology; Professor Atta ur Rehman - Minister (Chairman, HEC); Ms. Hina Rabbani Khar, Minister of State for Economic Affairs; Ms. Sumaira Malik, Minister of State for Youth Affairs; and Mr. Shahbaz, Ambassador of Pakistan to Norway. The 13 top executives of Norwegian industry and commerce also participated in the conference.

Telenor is one of the biggest GSM service providers in the world with over 74.5 million subscribers and operations in 17 different countries. Telenor Pakistan is 100% owned by Telenor and adds on to its operations in Asia together with Thailand, Malaysia and Bangladesh.

Telenor launched mobile services in Pakistan in March 2005, 11 months after having won a tender competition for a national license for mobile telephony. Mobile penetration in Pakistan currently stands at approximately 13 per cent. Telenor Pakistan is the fastest growing network in the country. Telenor Pakistan is wholly owned by Telenor. Telenor paid USD 291 million for its Pakistani mobile license and plan to invest an estimated USD 1 billion over a period of few years.