(Fornebu 30 June 2020) The EFTA Surveillance Authority (ESA) has investigated
different aspects of Telenor's Norwegian mobile business in the period between
2008 to 2012 only.  Today, Telenor received a decision which closes ESA's
proceedings. This decision relates to Telenor's prices in the segment for mobile
broadband to residential customers. Ref release ID 317028 dated 2012.12.04

Ref release ID 317028 dated 2012.12.04

ESA made an unanounced inspection at Telenor's premises in December 2012 in
order to examine whether Telenor had acted in breach of EEA competition rules.
The investigation was broad and covered  aspects relating to different
agreements in the mobile markets. ESA's final decision relates to the margin
squeeze issue only, the other aspects of the investigation were closed without
any finding of infringement. 

The decision concerns the alleged insufficient margins between Telenor's
wholesale prices and prices for mobile broadband to residential customers when
sold on a stand alone basis between 2008-2012. ESA has decided to impose a fine
on Telenor amounting to MEUR 111.951 (approximately BNOK 1.2).. 

-	The case concerns a small segment of the mobile market and matters which date
way back.  We are very surprised by the decision and the size of the fine.  We
will review the decision thoroughly and are preparing to appeal the decision to
the EFTA Court, says managing director of Telenor Norway, Petter-Børre Furberg, 

The decision concerns so-called margin squeeze practices in relation to retail
suppliers offering  mobile broadband to residential customers. Such
subscriptions  were sold on a stand alone basis - they do not form part of
ordinary mobile telephony subscriptions. There was very limited demand for
mobile broadband as a separate product (delivered through a USB-dongle) in 2008-
2012, and the market demand has subsequently shifted to other products. This
development is in particular result of mobile telephony subscriptions including
data taking over the market

Investor Relations 
Øystein Myrvold, +47 99230460
Kristine Devold, +47 90050780

Media contact 
Caroline Lunde
caroline.lunde@telenor.com
+47 97155855

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange