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We are pleased to have completed this transaction and begin our story with DNA. As a strong challenger in Finland's mobile market, DNA complements our operations in the Nordic region, and I am looking forward to welcoming our DNA colleagues to the Telenor family, said Telenor Group President and CEO, Sigve Brekke.
As previously announced, completion of the transaction triggers a mandatory public tender offer for the remaining outstanding shares in DNA by Telenor. The cash consideration per share to be offered in the mandatory tender offer will be EUR 20.90, which is the same price as in the transactions with Finda and PHP.
As a result of the transaction with Finda Telecoms Oy and PHP Holdings, Telenor's holding of shares and votes in DNA has exceeded the mandatory offer thresholds. Consequently, we will launch a mandatory public tender offer for all the remaining shares in DNA. We believe the MTO offer price of 20.90 will be attractive to current investors who may consider taking the opportunity to sell and lock in a solid profit, said Telenor Group CFO J rgen C. Arentz Rostrup.
Telenor Group CFO J rgen Rostrup will host an investor meeting for DNA shareholders in Helsinki today. The meeting will be available as a conference call:
Investor call with Telenor Group CFO, J rgen Rostrup When: Wednesday 21 August, 1200 EEST / 1100 CEST/1000 UK TIME
Where: Helsinki, Finland
To participate in the conference call, dial:
358 (0)9 7479 0361 (local Finland)
47 2100 2610 (local Norway)
46 (0)8 5033 6574 (local Sweden)
44 (0)330 336 9125 (local UK)
1 929-477-0402 (local US)
Please state confirmation code 3770959, your name and company to the operator
For the Q&A session: to queue up for questions please press *1
Presentation material will be available at www.telenor.com/ir
Investor Relations: ystein Myrvold
Tel: 47 992 30 460
oystein.myrvold@telenor.com
H kon Hatlevik
Tel: 47 901 46 070
hakon.hatlevik@telenor.com
Media Contact: Jonathan Higgins
Tel: 47 9011 06 06
jonathan.higgins@telenor.com
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