OSLO, Norway, Jan. 12, 2006 (PRIMEZONE) -- Telenor has today sold 21 894 877 shares in Inmarsat PLC at GBP 3.48 per share. The transaction will provide Telenor with total sales proceeds of GBP 75.1 million and a financial gain of GBP 74.4 million. The sale represents 4.8 percent of the share capital in Inmarsat. After the transaction Telenor owns 4.6 percent of Inmarsat of which there is a lock up until the earlier of Inmarsat's release of preliminary results for 2005 and 120 days after 31. December 2005.
-0- CONTACT: Scott Engebrigtsen, Head of Information at Telenor ASA tel +47 90 04 34 84