Telio passes historic milestone with 200,000 customers

- 11,868 new customers in 3rd quarter

Telio has finished a quarter with high growth in number of customers and will this week pass 207,000 active customers. The number of customers was 204,982 at the end of the third quarter.

Telio increased its customer base by 11,868 net new customers in 3rd quarter

"Through increased investments in sales and marketing we have seen very good response from the market. The company acquired 11,868 net new customers in the quarter compared to 3,938 new customers in the same quarter in 2011. This will contribute to future growth in revenues and profits», says Eirik Lunde, CEO of Telio Holding ASA.

Good growth in Norway

The focus on the business segment in Norway continues to show promising results and the introduction of new mobile subscriptions has given substantial growth in the residential market. In total, the number of mobile subscriptions has increased by 5,500 and now totals 18,000.

Continued growth in international markets

Telio continues to grow also in the markets outside Norway. Especially, the Dutch operation has achieved strong growth and the company now has a customer base of above 65,000 subscribers in the Netherlands. Net increase in customers in the Netherlands was 6,579 in the third quarter.

Telio will publish the company’s financial results for the 3rd quarter on Thursday 25 October.

For further information, please contact:

Mr. Eirik Lunde, CEO

Telephone: +47 23 62 66 88

Mobile: +47 48 09 69 64

Download high definition pictures of CEO Eirik Lunde at http://www.telio.no/om_telio/presse

E-mail: eirik.lunde@telio.no