Telenor ASA — M&A Activity 2025

Dec 8, 2025

APPROVAL FROM PAKISTAN TELECOMMUNICATION AUTHORITY

APPROVAL FROM PAKISTAN TELECOMMUNICATION AUTHORITY

Reference is made to the Oslo Stock Exchange release of 14 December, 2023 regarding the agreement to sell 100% of Telenor Pakistan (private) Limited to Pakistan Telecommunications Company Ltd (PTCL).

The Pakistan Telecommunication Authority (PTA) has today issued its “No Objection Certificate” for the change in ownership control of Telenor Pakistan to PTCL. This concludes the regulatory approvals required for the transaction.

The sale of Telenor Pakistan is expected to be completed as soon as possible, when the final legal requirements are fulfilled. As a consequence, as of the fourth quarter 2025 report, Telenor Pakistan will be accounted for as discontinued business.

Investor and media contacts:

Oscar J. Sperre, Investor Relations Manager, tel.: +47 913 80 079

Thomas Midteide, Chief Communications Officer, tel.: +47 962 32 017