TELN Telenor Asa ADS (MM)

Telenor Satellite Services, a subsidiary of Telenor of Norway (Oslo Stock Exchange: TEL and NASDAQ: TELN), today announced the selection of Fabio Alencar to head Telenor Satellite Services' Brazilian operations and to direct the company's channel sales efforts for South America. With offices in Rio de Janeiro, Alencar now heads Telenor America Latina Comunicacoes Por Satelite LTDA and will focus on expanding Telenor sales of satellite communications services throughout Brazil and South America. "Fabio Alencar brings more than 20 years of engineering, managerial, sales and business development experience in Brazil's satellite and telecommunications industries," said Bo Norton, vice president of Channel Sales for the Americas for Telenor Satellite Services. "He has demonstrated a tremendous working knowledge of regulatory and licensing requirements and has a proven record of success in building business operations throughout Brazil." Alencar has previously held engineering positions with Embratel, and VICOM S.A., and has experience in business development and sales with Globo Cabo S.A., Intelsat Brasil, Hispamar Satelites, and most recently managed the Loterias da Caixa Network (national lottery project) for Comsat International. About Telenor: Headquartered in Oslo, Norway, Telenor is an international provider of high quality telecommunications, data and media communication services. Telenor is one of Norway's largest companies with 2005 revenues of approx NOK 68.9 billion (approximately US$ 10.1 billion) and a workforce of 20,900 located in Norway and abroad. Telenor is listed on the Oslo Stock Exchange (TEL) and NASDAQ in New York (TELN). Telenor Satellite Services is the world's preferred provider of global communications solutions via satellite for customers on land, at sea, and in flight. Telenor offers an expanded product portfolio of broadband satellite solutions and on-demand services enabling customers to meet their global communications requirements. The company also features an innovative menu of value-added services, including The Source(R) and My Source(TM) online account management tools, available exclusively to Telenor Service Providers and their Telenor customers. Telenor Satellite Services owns and operates a worldwide network of teleports and communications facilities located throughout Europe and the United States that offer access to multiple global and regional satellite systems. Telenor Satellite Services Web site is: www.telenor.com/satellite.