OSLO, Norway, Dec. 13, 2001 (PRIMEZONE) -- Telenor Business Solutions (Nasdaq:TELN) has reached an agreement with Tiscali to transfer its Internet business for Germany, Nextra Deutschland GmbH & Co. KG and Nextra Deutschland Verwaltungs GmbH, to Tiscali Deutschland GmbH. The sale is according to a plan announced with Telenor's third quarter results in October this year. The transfer price is agreed to Euro 5 million and Nextra's operations will be integrated into Tiscali Business during Q1 2002. Nextra's Managing Director, Diethelm Siebuhr will become Managing Director of Tiscali Business.