Telenor : Telenor is a successful applicant for telecommunications licence in Myanmar

Telenor : Telenor is a successful applicant for telecommunications licence in
                                   Myanmar

(Oslo, Norway / Yangon, Myanmar - June 27, 2013) Telenor today announced that
it has been declared a successful applicant for a nationwide
telecommunications licence in Myanmar. Following a final licence negotiation
process with the government, Telenor plans to rapidly roll out a modern
telecommunications network and services that will deliver the benefits of
mobile communications to people throughout the country.

"We are delighted that Telenor is a winning bidder in what was a highly
competitive telecommunications licence tender in Myanmar. We thank the
government for giving Telenor the opportunity to support the country in
achieving its goals, and for the open and efficient bidding process. Myanmar
will be an important pillar in our growth strategy and we are fully committed
to responsibly leverage our group competencies to provide access to mobile
communications services for the people of Myanmar. We now look forward to
working with the authorities in Myanmar on the final steps in the licence
process," said Jon Fredrik Baksaas, President and CEO of Telenor Group.

"Telenor is uniquely placed to support the development of a thriving and
vibrant telecommunications sector in Myanmar. We have established leading
mobile operations in five dynamic Asian markets and today's announcement
underscores the continued success of Telenor's strategy of delivering
accessible and affordable mobile communications services across the region. We
are looking forward to working with the government and people of Myanmar in
developing the country's telecommunication industry, a sector that will play a
key role in Myanmar's socioeconomic development," said Sigve Brekke, Executive
Vice President and the Head of Telenor Asia.

Telenor will build a state-of-the-art mobile network using HSPA and LTE-ready
technologies for Myanmar to match the sophistication of leading networks
around the world today, and plans to achieve nationwide coverage in Myanmar
within five years. A full range of mobile services, both voice and data, will
be commercially launched as the initial offering, anticipated to happen in
2014. The introduction of telecommunication services in Myanmar will drive
social development and economic growth for the country.

Telenor's strategy for Myanmar will be based on four strategic pillars:

  oBuild a technically-advanced and extensive mobile network
  oDrive significant growth in mobile penetration through a rapid network
    roll-out and providing affordable services through an extensive
    distribution network across the country
  oBecome the market leader in Myanmar by offering the most comprehensive
    portfolio, of relevant mobile services of high quality to everyone
  oBy offering good quality service and an excellent customer experience we
    aim at creating loyalty and trust with our future customers in Myanmar

"This strategy reflects Telenor's vision to help customers get the full
benefit of communications services in their daily lives. We are also fully
committed to ensuring that the strategy will be executed with high levels of
corporate governance and transparency, as we establish world-class operations
in Myanmar," said Sigve Brekke.

In accordance with the described process, Telenor Group will now enter into
final discussions with the Myanmar authorities, with the aim of acquiring a
telecommunications licence over the coming months. Telenor will host a media
and analyst conference as soon as the necessary clarifications are made.

For further information, please contact:

Glenn Mandelid
Director of Communications
Telenor Group region Asia
glenn.mandelid@telenor.com
+66 82 440 1122

Tor Odland
Vice President
Telenor Group Communications
Tor.odland@telenor.com
+47 9909 0872

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Source: Telenor via Thomson Reuters ONE
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