Telenor ASA — Capital/Financing Update 2014

Feb 13, 2014

Uninor secures additional spectrum in India

Uninor secures additional spectrum in India

Telenor Group confirms that its subsidiary in

India,

Telewings Communications Services Private Ltd

(Uninor), has won spectrum in the 1800 MHz

auction.

Uninor has won additional spectrum in Andhra

Pradesh,

Bihar, UP East and UP West, as well as spectrum

in

Assam. The total price paid for the new spectrum

is

INR 8,447 million.

With the additional spectrum, Uninor has secured

a

competitive cost base in the strong performing

Hindi

belt and Andhra Pradesh. Telenor believes the

Uninor

business model is well suited for a successful

operation in Assam, which has a population of

around

31 million.

Spectrum acquired by Uninor in the 1800 MHz

band:

- Andhra Pradesh: 1.4 MHz, INR 2,282 million

- Bihar: 2.2 MHz, INR 948 million

- Uttar Pradesh (East): 1.8 MHz, INR 1,152

million

- Uttar Pradesh (West): 2.0 MHz, INR 1,899

million

- Assam: 6.0 MHz, INR 2,166 million