Telenor Acquires MCP

Friday, July 07, 2006
Telenor acquired the remaining 61.3 percent of shares in Maritime Communication Partner (MCP), obtaining a 100 percent stake in the mobile operator. MCP is a supplier of mobile communication to ferries and cruise ships. The service allows passengers and crew on ferries and ships around the world to make and receive calls and SMS using their mobile telephones. Telenor has industrial ambitions for its acquisition of MCP as the company is considered complimentary to Telenor's existing product range in the international portfolio. MCP offers GSM coverage in international waters, a market where opportunities go well beyond today's ferries and cruise ships. Through MCP, Telenor sees the opportunity to develop services in the interface between GSM and satellite. Telenor will help develop MCP through expanding the company's existing product range and assist the company in penetrating new markets.

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