TELIO SHOWS CONTINUED STRONG CUSTOMER GROWTH IN 3RD QUARTER 2010

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Press release from Telio

Oslo, 6 October 2010

TELIO SHOWS CONTINUED STRONG CUSTOMER GROWTH IN 3RD QUARTER 2010

Telio Holding ASA is steadily strengthening its presence in the European market for broadband telephony and the Group acquired 5,144 net new customers in the third quarter. Net customer growth in the same quarter last year was 1,526 customers. As of 30 September 2010, Telio Group has 159,761 VoiP customers and 7,384 GSM mobile customers, totaling 167,145 customers.

- Taking into account that the third quarter is seasonally lower, we are satisfied with the customer intake in this quarter. The customer intake is more than tripled from the same quarter last year. Although the summer season affects all markets, we see continued positive development in Switzerland and the Netherlands, says CEO Eirik Lunde.     

At the end of September, Telio launched its new product Telio Touch, a high-end telephone with HD voice quality in the Norwegian market. Telio Touch comprises a wireless Dect handset and a base that has a 7-inch touch screen. Through Telio Touch Service Suite, on the touch screen, users can find a wide variety of applications that enable them to keep on track with current news, check the weather forecast, check road traffic and public transport information, as well as watch YouTube videos, among others. Telio has great expectations for this new product. 

Telio will present its financial results for Q3 2010 on 28 October 2010.

For further information, please contact:                                                                  

Eirik Lunde, CEO Telio Holding ASA, +47 4809 6964, eirik.lunde@telio.no