Press Releases

16
January 2008

Telenor Pakistan announces 15 million customers in less than 3 years

ISLAMABAD, January 16, 2008: Telenor Pakistan has announced that it now has 15 million customers a landmark it has achieved in less than 3 years of operations. In FY06-07, the company grew nearly 200% in terms of customers, experiencing the highest growth in the industry by a wide margin compared to its competitors.

In year 2007, Telenor Pakistan scored on several fronts with customers, the government, analysts, and telecom experts. The company turned EBITDA positive in Q2 2007, won both the awards for Most Innovative Mobile Operator and Mobile Operator with the Most Consumer Pull at the 6th SAARC Communication Industry Conference 2007, was recognized by the Pakistan Society of Human Resource Management as the Most Preferred Telecommunications Company 2007, and won the first Universal Service Fund project to provide communication services to the un-served villages of the Malakand division. The company has also achieved great success in attracting customers after the launch of Mobile Number Portability.

The company came out with the first-ever Corporate Responsibility report in the mobile industry last year, setting new standards of transparency and responsibility. Telenor Pakistan is well-recognized by the development sector in Pakistan for the amount of Foreign Direct Investment it has brought to the country.

Commenting on what has propelled Telenor Pakistan to achieve such performance within less than 3 years of operations in the face of intense competition, Telenor Pakistans CEO Tore Johnsen said, Telenor Pakistan is obviously different from the competition. Our culture is different, our values are different, and our focus on business fundamentals is a little different as well. We are building core strengths and utilizing them better than anyone else at this point I believe. Today we have the second largest network with the largest GPRS and EDGE capability, the most diverse products and services, the fastest growing distribution, and one of the strongest organizations in the industry. Telenor Pakistan is fully involved with its key stakeholders and trusted as a friend of the community.

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