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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date:
1st
of November 2005, for the month of October, 2005
TELENOR ASA
(Registrants Name)
Snarøyveien 30,
1331 Fornebu,
Norway
(Registrants Address)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
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Form 20-F :
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Form 40-F :
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Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b):
20.10.05 09:04 Marked=OB TEL TELENOR INCREASES ITS INDIRECT OWNERSHIP IN DTAC
Telenor`s Singapore subsidiary takes a 49 per
cent stake in Thai Telco Holdings in a strategic
realignment with Bencharongkul family. Telenor
Asia thereby achieves enhanced operational role
in mobile operator DTAC through its mother
company UCOM. Telenor will, after the
acquisition, have a direct ownership of 29,9% and
an indirect ownership of 27.0% in DTAC.
Thai Telco Holdings Co. Ltd, (TTH) a limited
liability Thai company, has executed a sale and
purchase agreement (SPA) with the Bencharongkul
family to acquire their 39.9 per cent stake in
United Telecommunications Industries PCL (UCOM)
for a total consideration of 9.2 billion Baht.
Under the terms of the SPA, TTH will acquire
173.4 million UCOM shares at a price of 53.0 Baht
per share.
TTH is a private investment company. Telenor Asia
Pte Ltd, the wholly owned Singapore unit of
Telenor AS of Norway, holds a 49 per cent stake
in TTH.
Since 2000, Telenor Asia, in partnership with the
Bencharongkul family, has been a significant
direct investor in both UCOM and its 41.6 per
cent owned affiliate, Total Access Communications
PCL (TAC), which is commonly known by its popular
brand, DTAC. The completion of this transaction
by TTH represents an important step forward in
the long standing partnership between the
Bencharongkul family and Telenor Asia. As a
result of these executed agreements Telenor Group
will consolidate the accounts of TAC and UCOM.
Upon completion of this transaction, in
compliance with relevant stock market regulations
in Thailand and Singapore, TTH will launch a
Mandatory Tender Offer for all outstanding shares
of UCOM, and along with Telenor Asia, a Chain
Principle Offer for all of the shares of TAC that
they do not collectively own or control.
20.10.05 10:05 Marked=OB TEL CONFERENCE CALL PRESENTATION
Attached is the presentation for the conference
in in connection to Telenor`s increased indirect
stake in TAC.
Attachment on www.newsweb.no.
21.10.05 10:21 Market=OB TEL MANDATORY OFFER FOR TAC
Attached is the mandatory unconditional offer for
Total Access Commucation (TAC)
26.10.05 11:21 Marked=OB TEL DIGI RELEASE TODAY
Telenor`s subsidiary in Malaysia, Digi.Com, has
reported their third quarter 2005 figures to the
Kuala Lumpur Stock Exchange today. The reported
figures in NOK mill. are as follows:
- Revenues: 1,285
- EBITDA: 560
- EBIT: 304
Total number of subscribers: 4.187 million
27.10.05 08:10 Market=OB TEL TELENOR ASA THIRD QUARTER 2005 RESULTS
The third quarter of 2005 showed a growth in
revenues for the Telenor Group of 13% to NOK
17,641 million compared to the third quarter of
2004. EBITDA before other income and expenses was
NOK 6,598 million. Profit before taxes and
minority interests was NOK 3,785 million.
Telenor`s net income was NOK 2,200 million.
Capital expenditure amounted to NOK 3,720
million. The net interest-bearing liabilities was
NOK 21,838 million.
The third quarter of 2005 showed a gowth in
revenues for the Telenor Group of 13% to NOK 17.6
billion compared to the third quarter of 2004.
Profit before taxes and minority interests was
NOK 3.8 billion.
Telenor`s net income was NOK 2,200 million. Net
income per share for the third quarter of 2005
was NOK 1.30.
EBITDA before other income and expenses was NOK
6,598 million. The mobile operations contributed
to the increased EBITDA-margin.
The number of subscriptions in the consolidated
mobile operations at the end of the third quarter
was 27.9 million.
Capital expenditure amounted to NOK 3,720 million
and increased due to strong customer growth in
the international mobile operations. An ownership
interest in a satellite was acquired in the third
quarter of 2004.
Bredbandsbolaget Holding AB in Sweden and
Cybercity A/S in Denmark were acquired for
considerations of NOK4.5 billion and NOK 1.3
billion respectively. In addition Telenor
acquired net interest-bearing liabilities of NOK
1.1 billion. Brebandsbolaget Holding AB in Sweden
and Cybercity A/S in Denmark were consolidated as
of 8 July and 5 July, respectively.
In the third quarter of 2005, and in accordance
with the authority granted by Telenor`s General
Meeting of 20 May 2005, Telenor purchased
7,430,000 of its own shares in the market for NOK
425 million.
On 26 October, Thai Telco Holdings (TTH), a 49%
subsidiary of Telenor, completed the purchase of
a 39.9% stake in United Telecommunications
Industry PCL (UCOM) for a cash consideration of
THB 9.2 billion. UCOM holds a 41.6% ownership
interest in the Thai mobile company Total Access
Communication PCL (DTAC). Prior to this
acquisition, Telenor had an ownership
interest of 29.9% in DTAC and 24.9% in UCOM, and
Telenor will consolidate DTAC and UCOM from the
fourth quarter of 2005.
OUTLOOK FOR 2005
Telenor maintains its outlook for 2005 as
presented in Telenor`s report for the second
quarter of 2005.
Compared to 2004, a continued high growth in
revenues and EBITDA is expected for the mobile
operations as a whole.
In Fixed Norway, revenues and EBITDA are expected
to continue to decrease. The strong growth in the
number of ADSL subscriptions is expected to
continue, but this does not fully offset the
expected decrease in revenues from PSTN/ISDN.
In Broadcast, we expect EBITDA in line with 2004.
High capital expenditure is expected in the
fourth quarter of 2005, in which capital
expenditure as a proportion of revenues is
expected to slightly exceed 2004 levels.
An increasing share of Telenor`s revenues and
results come from operations outside Norway.
Currency fluctuations will to an increasing
extent influence the reported figures in
Norwegian Krone. Political risk, including
regulatory conditions, might also influence the
results.
Compared to 2004, Telenor expects that overall
profits, adjusted for special items, will grow in
2005.
27.10.05 08:48 Marked=OB TEL PRESENTATION MATERIAL
Attached is the presentation material from
Telenor ASA
27.10.05 14:09 Market=OB TEL FINANCIAL REPORTING FROM TELENOR IN 2006
Telenor intends to presents its financial reports
in 2006 and keep its Annual General Meeting
according to this plan:
Thursday 16th February: results for the 4th
quarter and year 2005 results.
Thursday 4th May: results for the 1st quarter
2006.
Tuesday 23rd May: Annual General Meeting.
Friday 21st July: results for the 2nd quarter
2006.
Thursday 26th October: results for the 3rd
quarter 2006.
Press
release sent
31st of October:
01.11.05 08:12 Marked=OB TEL TELENOR ACQUIRES VODAFONE SWEDEN
Telenor has entered into an agreement with
Vodafone Group for the acquisition of its
subsidiary Vodafone Sweden for a consideration
equivalent to EUR 1,035 million (enterprise
value).
Vodafone Sweden is the third largest mobile
operator in Sweden, with 1.5 million subscribers
and a market share of approximately 15 per cent
(23 per cent measured in revenues). Vodafone
Sweden has higher average revenue per user than
any of its competitors in the Swedish market. It
is also the second largest player in the Swedish
business market, with a 30 per cent market share
among corporate customers. For the financial year
2005, ending at 31 March 2005, Vodafone Sweden
posted SEK 6.7 billion in revenues. The company
is a wholly owned subsidiary of Vodafone Group.
The acquisition of Vodafone Sweden will enhance
Telenor`s position in Sweden, and increase
Telenor`s Scandinavian mobile customer base by 37
per cent, totalling 5.6 million subscribers.
The possession of Vodafone Sweden will strengthen
Telenor`s presence in the business market, where
large business customers to an increasing degree
demand seamless Nordic communications solutions.
Through the acquisition of Vodafone Sweden,
Telenor will be able to offer even more
competitive services in the Scandinavian market.
Telenor and Vodafone have agreed the terms of a
Partner Network Agreement in Sweden, allowing
Telenor, Vodafone Sweden and Vodafone customers
to benefit from Vodafone`s global brand, products
and services in Sweden. The transaction will be
concluded by the turn of the year 2005/2006,
provided that approval is secured from EU
competition authorities.
Press release sent 31st of October:
01.11.05 08:13 Marked=OB TEL PRESENTATION MATERIAL
Attached is the presentation and analytical
information on the acquisition of Vodafone Sweden.
TABLE OF CONTENTS
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Telenor ASA |
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By: |
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Name: Trond Westlie |
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(sign.) |
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Title: CFO |
Date:
1st of
November, 2005 |
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