"Talkmore operates within the low-price segment of the Norwegian mobile market. We are pleased that we have managed to secure a substantial customer base and key experience through this acquisition. Telenor shall be a leading player within this segment," said Morten Karlsen Sørby, Executive Vice President and Head of Telenor Nordic.
Talkmore will remain a separate brand and the company will continue as an operational entity with the same market focus. All employees will receive offers of continued employment in the company.
Today's 60,000 customers are served either through Telenor's or NetCom's network. Those served by the latter will in due time be transferred to Telenor's network. Telenor will make every effort to ensure that this transition will be as smooth as possible. Customers will still enjoy favourable prices, but in addition they will also benefit from Telenor's extensive coverage.
The parties have entered into to this purchase agreement pending the approval from the Norwegian Competition Authority.
For further information, please contact:
Atle Lessum, Head of Information Telenor Nordic, Tel: + 47 415 05 645, E-mail: atle.lessum@telenor.com