TELNY Telenor ASA (QX)

   DOW JONES NEWSWIRES 
 

Telenor ASA (TEL.OS), the Norwegian telecommunications firm, said Tuesday it has now finalised the 3% share buyback programme that it announced in July this year.

 
   MAIN FACTS: 

-As part of the program, 22.21 million shares were repurchased on the open market while another 26.04 million shares will be purchased from Norway's Ministry of Trade and Industry.

-The repurchased shares will be cancelled following approval by the Annual General Meeting in May next year.

-The Norwegian state's 53.97% ownership interest in Telenor will remain unaffected.

-The average price for the shares repurchased was NOK90.98 and Telenor will return NOK4.4 billion to shareholders in addition its NOK6.3 billion 2010 dividend.

-Tuesday Telenor shares closed at NOK95.35.

-By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com