Contact Center Solutions Industry News

[August 23, 2004]

Telenor Acquires Tiscali's Norwegian Branch

FORNEBU, Norway, Aug. 23 /PRNewswire-FirstCall/ -- Telenor has entered into an agreement with Tiscali to acquire the company's Norwegian operation. Tiscali AS has a total of 45,000 customers, including 18,000 ADSL-customers and 27,000 customers with dial-up Internet. Telenor will pay Euro 6 million for the company. The acquisition by Telenor is subject to the approval of the Norwegian Competition Authority.
The Norwegian broadband market is experiencing strong growth and is expected to add more than 200,000 new mass-market customers in 2004. There are approximately 150 suppliers in the market today and competition is strong. From Telenor's point of view the level of competition will not be influenced by the acquisition, neither with regards to price -- nor market development.
"Tiscali has been a reseller of Telenor wholesale products and since the company has decided to withdraw from the Norwegian market, it is natural for us to seek to acquire and continue the customer relationships," says Morten Karlsen Sorby, Executive Vice President in Telenor. "We look forward to the competition authorities' processing of this case and hope for a quick resolution."
Both Tiscali and Telenor offer Internet services nationwide and there will be no practical consequences for the customers when this acquisition is conducted.
"We hope Tiscali's customers will benefit from and enjoy our highly competitive offers with a wide range of innovative and advanced services. Telenor offers the best security products as an integral part of the subscriptions and broadband customers will have access to the content portal iCanal incorporating a variety of games, music and video," said Morten Karlsen Sorby.
About Tiscali
Tiscali S.p.A was established January 1998 at Sardinia, Italy, by present chairman of the company, Renato Soru. The company has been listed on the Milano Stock Exchange since October 1999. In Norway Tiscali was introduced as World Online June 14 2000. The company changed its name to Tiscali AS in October 2001. Tiscali AS offers ADSL and dial-up Internet (ISDN and analog) to customers throughout the country.
For further information, please contact:

Vice President Communications Telenor Norge, Pal Kvalheim,
tel: (+47) 970 44 970
Chief Executive Officer Tiscali AS, Olav Sande,
tel: (+47) 917 87 397

Telenor


CONTACT: Vice President Communications Telenor Norge, Pal Kvalheim,+47-970-44-970; or Chief Executive Officer Tiscali AS, Olav Sande,+47-917-87-397


Web site: http://www.telenor.com/

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