Telenor rides Portuguese 3G wave

Telenor - through its investment in Portugal's ONI WAY mobile telephone service provider - has been awarded its fourth UMTS license.

ONI WAY was one of four companies awarded a license to upgrade Portugal's mobile telephone network to the third-generation UMTS standard. Telenor owns 20 percent of ONI WAY and will invest some USD 160 million (NOK 1.5 billion) on the license. "We are very pleased that ONI WAY has been licensed in Portugal, and Telenor will focus all available energy on securing a competitive and economical UMTS service for Portugal," said Arve Johansen, managing director of Telenor Mobile Communications.