The Bangladesh Telecommunication Regulatory Commission (BTRC) approved today an
allocation of 2x10 MHz of spectrum in the 700 MHz band to Telenor's 55.8%-owned
subsidiary Grameenphone (GP).
 
The company expects to receive an allocation letter and an associated demand
note for payment of the first instalment by 29 January. The spectrum will be
awarded at the 'base price', which will be around BDT 22 billion after final
adjustments for license duration (13 years) and other factors. 

The spectrum will be paid in 10 equal annual instalments in addition to annual
fees at an estimated level of approximately BDT 240 mn from 2027 onwards. 

Investor contact: 
Frank Maaø, SVP Capital Markets and Investor Relations, tel: +47 91 67 40 45