Telenor Outsource It Operating Services to EDB

In addition EDB will take over operational responsibility for Telenors external customers in this area. The agreement runs for seven years and will significantly increase the companies competitiveness. For EDB the agreement is expected to be worth NOK 5.3 billion. In addition EDB will sell the bulk of its Telekom business area to Accenture for NOK 400 million. At the same time, Telenor has entered into a cooperation agreement with Accenture regarding the purchase of application services. For Telenor these agreements will over time yield annual cost reductions of approximately NOK 250 - 350 million. The main points of the agreement are as follows: - Telenor will sell the bulk of its Operating services division to EDB for net NOK 132 million after restructuring costs. The sale means the transfer of 470 employees from Telenor to EDB on 1 May. - Telenor will extend and expand its operating agreement with EDB until 1 May 2011. The contract is estimated to be worth NOK 4.5 billion, of which NOK 3.7 million are new revenues for EDB. - EDB will take over operating contracts with 26 customers in commerce, industry and the public sector from Telenor. The contracts are expected to be worth approximately NOK 800 million. - In the future EDB shall be Telenors preferred operating partner for all of its Nordic operations. - EDB will sell the bulk of its Telekom business area to Accenture for NOK 400 million. The sale means that 360 employees will change employment from EDB to Accenture on 1 May. - Telenor will enter into an agreement regarding the purchase of application services from Accenture. - Accenture will have EDB as its preferred partner on operating services in the Nordic region. - Telenor and EDB will jointly conclude the negotiations with international technology suppliers regarding a framework agreement for procurements.