TELN Telenor Asa ADS (MM)

Taide, a subsidiary of Telenor Satellite Services, today announced that it has signed a business agreement with UMRA Computer and Networking Consultants, based in the United Arab Emirates, to develop and provide communications systems via satellite to customers throughout the Middle East. With this agreement, the two companies will pursue regional business opportunities, propose and manage turnkey communications networks, enter into joint projects, and share resources in the pursuit of regional business ventures. The two companies have already joined forces in the development and roll out of the new, highly advanced communications network supporting Kuwait Airways� day-to-day global operations. �UMRA�s teaming with Taide Network further strengthens our capabilities to offer �cutting edge� communications and networking solutions to businesses and industries operating throughout the Middle East,� said Mohammed Al-Qaisi, general manager of UMRA. �The UMRA-Taide team is now poised to pursue new business opportunities regionally and internationally.� �This agreement allows Taide Network to form a powerful business alliance with a leading regional business development partner. This partnership has already netted positive results for both companies with the successful communications network developed for Kuwait Airways,� said Stefano Vittor, managing director for Taide Network AS. �This is a �win-win� situation for both Taide and UMRA, as we will now combine our resources in the pursuit of new business opportunities throughout the Middle East.� UMRA Computer & Networking Consultants (UCC) is privately owned company founded in 1998 with head office in Dubai-UAE, UCC operates a network of business development consultants & teams with high-technology companies from Europe & Far East to implement various systems & solutions for Earth Imaging, Meteorological Systems & Communication Solution in the Middle East. Taide is a subsidiary of Telenor Satellite Services and is part of Telenor ASA of Norway (Oslo Stock Exchange: TEL and NASDAQ: TELN). Taide Network AS, a worldwide satellite communication and Internet access provider, was established in 1997 and has grown to be one of the largest Global Internet Access Providers in Europe, Middle East and Africa (EMEA). During the past year Taide has signed up customers in 30 African countries, expanded business in the Middle East and kept its strong position in Eastern Europe. For more information, visit www.taide.net. Taide, a subsidiary of Telenor Satellite Services, today announced that it has signed a business agreement with UMRA Computer and Networking Consultants, based in the United Arab Emirates, to develop and provide communications systems via satellite to customers throughout the Middle East. With this agreement, the two companies will pursue regional business opportunities, propose and manage turnkey communications networks, enter into joint projects, and share resources in the pursuit of regional business ventures. The two companies have already joined forces in the development and roll out of the new, highly advanced communications network supporting Kuwait Airways' day-to-day global operations. "UMRA's teaming with Taide Network further strengthens our capabilities to offer 'cutting edge' communications and networking solutions to businesses and industries operating throughout the Middle East," said Mohammed Al-Qaisi, general manager of UMRA. "The UMRA-Taide team is now poised to pursue new business opportunities regionally and internationally." "This agreement allows Taide Network to form a powerful business alliance with a leading regional business development partner. This partnership has already netted positive results for both companies with the successful communications network developed for Kuwait Airways," said Stefano Vittor, managing director for Taide Network AS. "This is a 'win-win' situation for both Taide and UMRA, as we will now combine our resources in the pursuit of new business opportunities throughout the Middle East." UMRA Computer & Networking Consultants (UCC) is privately owned company founded in 1998 with head office in Dubai-UAE, UCC operates a network of business development consultants & teams with high-technology companies from Europe & Far East to implement various systems & solutions for Earth Imaging, Meteorological Systems & Communication Solution in the Middle East. Taide is a subsidiary of Telenor Satellite Services and is part of Telenor ASA of Norway (Oslo Stock Exchange: TEL and NASDAQ: TELN). Taide Network AS, a worldwide satellite communication and Internet access provider, was established in 1997 and has grown to be one of the largest Global Internet Access Providers in Europe, Middle East and Africa (EMEA). During the past year Taide has signed up customers in 30 African countries, expanded business in the Middle East and kept its strong position in Eastern Europe. For more information, visit www.taide.net.