Om Telio

New CEO in Telio

Eirik Lunde named new Chief Executive Officer of Telio
 
(Oslo 24. January 2007) Eirik Lunde (41) has today accepted the position as the new Chief Executive Officer of Telio Holding ASA.  Lunde, who has broad industry experience and proven success in running IT and telecom companies, will assume the helm on April 1, 2007.
 
Eirik Lunde will assume the role of Chief Executive Officer for Telio Holding ASA, a position he held previously with Ventelo. Lunde has further experience with Bluecom, Catch, and Dell where he was the country manager.
 
"Lunde is the right man for Telio. He knows the industry, and we are confident that he will continue Telio's growth and success," says Erik Osmundsen, the chairman of Telio Holding ASA.
 
"I am looking forward to starting my new position as CEO of Telio, a leading European fixed and mobile internet telephony provider. Telio is an exciting and innovative company which in a short period of time has created a unique position as market leader in Norway. I have noted that Telio has high customer satisfaction, an important asset, and I believe that Telio will continue to rapidly increase the number of subscribers, and implement exciting new services."
 
Telio is the largest VoIP provider in Norway, and the revenues are growing quarter by quarter. By the end of the third quarter of 2006 the revenues showed a growth of 67% compared to the previous year.  By the end of the third quarter Telio had approximately 115,000 subscribers.
 
Telio Holding ASA will conduct a Capital Markets Day tomorrow, Thursday January 25 at 09.00am to 12.00am at Felix Konferansesenter.
 
The financial results for the fourth quarter will be presented on February 9, 2007.
 
"We are happy we have attracted a new Chief Executive Officer so quickly," says Osmundsen.