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Telenor Satellite Networks AS, a subsidiary
of Telenor ASA (NASDAQ: TELN, OSE: TEL) and a leading provider
of satellite-based communications and services, is one of
PolarSat's major investors.
Telenor is Norway's largest telecommunications
group, with substantial international mobile operations.
Continued development of the international mobile portfolio
is an integral part of Telenor's strategy, as well as a
basis for further growth. At the outset of 2003, Telenor
had substantial business activities in 16 countries. The
activities were managed through partly or fully owned companies
within four business areas. Mobile communications is the
largest area, with substantial operations in 12 countries.
In addition, Telenor has satellite operations covering large
parts of the world.
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