Telenor Crosses 100 Million Subscribers in Asia
The Telenor Group entered Asia in 1996 under the brandname Grameenphone in Bangladesh. At the end of 2010, Telenor Group’s has operations in five Asian countries with Grameenphone in Bangladesh, Uninor in India, dtac in Thailand, DiGi in Malaysia and Telenor in Pakistan which generated 39 percent of the group’s total revenues and obtained an operating cash flow above NOK 10 billion.In subscriber growth Telenor Group added more than 23 million subscribers in Asia in 2010.
The announcement was made by Sigve Brekke, Executive Vice President of Telenor Group, and head of Telenor Group’s Asian Operations at GSMA World Congress 2011 in Barcelona.
Mr. Sigve Brekke further added that, “As a mobile operator with a strong industrial background, Telenor Group has a long term commitment to developing our operations. Since entering into the Asia we have made significant financial investments and deployed management competence and industrial know-how. The demand for basic services will continue to be high, as penetration in some of our markets is still low, but the next big growth area in Asia will be mobile data and access to internet services. To secure a speedy adaptation of internet services it is important that local governments establishes regulatory framework that are investment friendly, secures a level playing field and stimulates continued development”.