Canal Digital DTH loses 11,000 subscribers in 4Q09

FORNEBU — For the full year of 2009, Telenor’s (Oslo:TEL) reported revenues increased by 2 per cent compared to 2008, reaching NOK 97.7 billion. The operating profit was NOK 13.3 billion. Telenor’s mobile operations added 2 million subscriptions during the quarter, reaching a total of 174 million.

BROADCAST

• 11% revenue growth and improved margin in Canal Digital Norway
• Successful launch of satellite Thor 6

The number of DTH subscribers decreased by 11,000, and the number of cable TV internet access subscriptions increased by 16,000 during the quarter.

In Canal Digital Group, revenues increased mainly as a result of higher sale of additional services for cable and price increases for DTH. This was partly offset by reduced DTH subscriber volumes and currency effects. The EBITDA increase was due to higher revenues, reduced sales and marketing costs, and reversal of content cost provisions of NOK 44 million. The increase in EBITDA margin was partly offset by currency effects.

Revenues in Transmission & Encryption decreased due to lower sale of conditional access services and currency effects, partly offset by higher revenues from satellite transmission.

No. of subscribers (in thousands):

                                              2008                        2009
                        --------------------------  --------------------------
                           Q1     Q2     Q3     Q4     Q1     Q2     Q3     Q4
                        -----  -----  -----  -----  -----  -----  -----  -----
DTH TV                  1,124  1,121  1,125  1,113  1,096  1,079  1,071  1,060
Cable TV                  710    734    741    746    739    732    732    729
- of which in Norway      442    466    474    476    473    471    474    477
- of which in Sweden      235    235    233    235    231    226    223    217
- of which in Denmark      33     33     34     35     35     35     35     35

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