SOURCE: Telio Holding ASA

August 14, 2008 02:55 ET

Another record for Telio

OSLO, NORWAY--(Marketwire - August 14, 2008) - (Oslo, Norway, August 14th 2008) Telio is again delivering record results and confirming their position as a leading European provider of broadband telephone services. For the second quarter revenues reached NOK 96.7 million, a new record. Operating profit was NOK 20.2 million, a formidable increase of 568 per cent compared to the year-ago quarter (NOK 3 million).


Another record for Telio

- Operating profit reached NOK 20,2 million in the second quarter

(Oslo, Norway, August 14th 2008) Telio is again delivering record results and confirming their position as a leading European provider of broadband telephone services. For the second quarter revenues reached NOK 96.7 million, a new record. Operating profit was NOK 20.2 million, a formidable increase of 568 per cent compared to the year-ago quarter (NOK 3 million).

-          We were quite satisfied with the numbers for the first
quarter and when they are substantially better for the second quarter
we are delighted. The revenue growth is continuing and the operating
profit increased by NOK 8 million compared to the first quarter, says
Eirik Lunde, the CEO of Telio Holding ASA.

Confirming a strong market position

Telio is the largest player in the market for broadband telephone services measured in traffic/minutes. According to the latest report from the Norwegian Post and Telecommunications Authority* Telio is handling close to 50 per cent of the non-business broadband telephone traffic. Telio is also the only big player that continues to increase its share of traffic in the total market for fixed telephone services. Further, Telio's customers are responsible for 54 per cent of all traffic between non-business fixed telephone in Norway to fixed and mobile telephone abroad.

-          The figures from the Norwegian Post and Telecommunications
Authority show clearly that Telio is confirming its strong position
in the Norwegian broadband telephone market. It shows that we have a
strong message that our customers understand, and that they are using
our services. We have a highly recognized technology that
consistently provides high quality telephone services at a reasonable
price. The fact that our customers are using our services as much as
they do shows that we are on the right track, says Eirik Lunde.

Success in the business market

Telio has built a successful distribution model for direct sales to the business market, based on products for this market that was released towards the end of 2007. The company now has more than 3,000 active phone lines in this market in Norway and expects the positive development to continue. Currently the same distribution model is being introduced by the subsidiary in Denmark.

Strong financial results

For the second quarter the Telio Group reached revenues of NOK 96.7 million compared to NOK 90.5 million in the year-ago quarter. EBITDA was NOK 30 million (31 per cent EBITDA margin) compared to NOK 16.4 million in the year-ago quarter. Operating profit was NOK 20.2 million compared to NOK 3 million in the year-ago quarter.

(See listing of financial results on the next page)

* Ecomreport by the Norwegian Post and Telecommunication Authority for 2007


For further information please contact:
Mr. Eirik Lunde,
CEO
Download high definition pictures of CEO Eirik Lunde
Telephone: +47 23 62 66 88. Mobile: +47 48 09 69 64    at
http://www.telio.ch/om_telio/presse
E-mail: eirik.lunde@telio.no




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