Telenor celebrates its ten year anniversary as an investor and builder of telecommunications in Ukraine.
Telenor on Thursday 15 May celebrated its ten year presence in Ukraine by holding a seminar on the economic and social contribution of mobile telecommunications in Ukraine. The results of a study conducted by Deloitte on behalf of Telenor were presented by Telenor's President and CEO, Jon Fredrik Baksaas.
Considerable impact on GDP
The study reveals that the mobile industry in Ukraine contributed UAH 37 billion to the national economy of Ukraine in 2007, representing 5.9 per cent of the total GDP. Deloitte has conducted a number of studies showing that a ten per cent increase in mobile penetration over several years, will lift a country's economic growth rate by 1.2 per cent. "This study shows how important mobile communications is to a country's development," said Telenor's President and CEO Jon Fredrik Baksaas.
Long-term ambition for Telenor
"I am pleased that we have been able to contribute to this development through our ownership in Kyivstar. I am also proud of what our Ukrainian company has accomplished over the past ten years in this country, and underline that both Ukraine and Kyivstar remain a long-term ambition for Telenor. Kyivstar is in fact one of the largest mobile operations in the Telenor Group, which has operations in 12 different countries and now ranges as the seventh largest mobile operator in the world," said Baksaas.
Telenor in Ukraine
Telenor holds 56.5 per cent of the shares in Ukrainian mobile operator, Kyivstar and is thus one of the biggest western investors in the republic. During Telenor's ten years of presence in Ukraine, Kyivstar has developed from a modest basis of 10,000 subscribers to today's 24 million and to being the unquestioned market leader in Ukraine. In 2007 Telenor's subsidiary EDB entered the Ukrainian market by acquiring the IT companies Infopulse and Miratech.
Collaboration with National University
Telenor contributes substantially to the Ukrainian society in other ways than mobile operations. During the last four years, Telenor has cooperated with the National University of Kyiv-Mohyla Academy when implementing the programme "Building Democracy and Public Service Capacity In Ukraine" for civil servants. Telenor also supports a range of programmes that promote energy efficient technologies, programmes for disabled and elderly people. The company is also devoted to supporting universities, schools and orphanages. Further information please contact: Dag Melgaard, Vice President Group Communications, Telenor ASA tel: +47 901 92 000, e-mail: [email protected] Anastasiya Gogoleva, Communications Director, Telenor Ukraine tel: +38 067 467 6666 e-mail: [email protected]
Telenor Group is one of the world's major mobile operators. We keep our customers connected in our markets across Scandinavia and Asia. Our more than 30,000 employees are committed to responsible business conduct and being our customers' favourite partner in digital life. Connecting the world has been Telenor's domain for more than 160 years, and we are driven by a singular vision: to empower societies.
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