As a consequence of Telenor acquiring Glocalnet AB in Sweden, Telio has decided to terminate the contract with Glocalnet. Both parties agree that this is the best solution given the circumstances. Telio is in the process of defining the international strategy, and this will not be affected by the termination of said agreement.

 

Contact persons;

Arild Nilsen, CEO, +47 23626688

Kyrre Grinde-Andersen, CFO, +47 99644900/23626699