“I am pleased to close an eventful year with strong financial results and having reached important milestones. We have seen a strong increase in demand for data services during the year. The launch of 4G services in Norway and acquisition of a 3G licence in Thailand will enable us to introduce even better mobile services to our customers. With the acquisition of new licences in India, we have secured a platform for our future in this growth market. Telenor’s position in VimpelCom has been restored, and we will support and contribute to the company’s value agenda going forward,” said Jon Fredrik Baksaas, President and CEO of Telenor Group.

“For the full year 2012, organic revenue growth was 5%, EBITDA margin improved notably from last year and operating cash flow exceeded NOK 20 billion. During the year, we have invested heavily to improve user experience and prepare for increased efficiency and continued growth,” Baksaas said.

“The continued solid performance by our Norwegian operation reflects high demand for both mobile and fixed line Internet services. Introduction of new offerings and investment in superior network quality provide our customers with the best services, coverage, capacity and the latest mobile technology. The Asian operations have demonstrated another year of high margins. We see smartphone and data demand picking up in Thailand and Malaysia as well as steady operational improvements in Pakistan,” Baksaas said.

Please refer to Telenor Group’s quarterly report and full press release for more information on all Telenor companies. www.telenor.com

Material
The quarterly report and English versions of the presentations are available on
http://www.telenor.com/investor-relations/reports/2012/q4