Telenor ASA definition
Examples of Telenor ASA in a sentence
The immediate holding and ultimate holding companies of the Company are Telenor Asia Pte Ltd and Telenor ASA, incorporated in Singapore and Norway respectively.
After the Closing, the indemnification provided in this ARTICLE VIII, the respective obligations of CTF under the CTF Guarantees and Telenor ASA under the Telenor Guarantee shall be the sole and exclusive remedy of any Party for any claim arising under this Agreement against another Party (other than claims for specific performance), and the Parties hereby waive any and all other remedies, including rescission of this Agreement and any and all such other remedies as may be provided by Law.
The Nomination Committee of Telenor ASA is established pursuant to Telenor ASA’s Articles of Association, Clause 9.
Each Shareholder hereby represents and warrants that, immediately upon completion of the transactions required to be completed on the Closing Date under the Share Exchange Agreement, such Shareholder (or one or more Controlled Affiliates of CTF designated by Altimo, or one or more Controlled Affiliates of Telenor ASA designated by Telenor Mobile, as applicable) will be the registered holder and beneficial owner of the Shares described opposite its name on Schedule I.
Business Activity ClauseThe business activity in which Telenor is engaged is clearly set out in the Articles of Association for Telenor ASA, Clause 3: “The object of the company is to engage in telecommunications and other related activities.
The Articles of Association of Telenor ASA contain no restrictions on negotiability or voting rights and all shares have equal rights.
Telenor ASA has an agreement with the Norwegian State through the Ministry of Trade, Industry and Fisheries to carry through share buybacks for the purpose of cancelling these shares through the write-down of the share capital to maintain the Norwegian State’s ownership interest.
Telenor ASA is a public limited liability company established under Norwegian law.
Board Statement on CorporateGovernanceThe Board of Directors of Telenor ASA (“the Board”) is responsible for the administration of Telenor Group and for safeguarding the proper organisation of its operations.
The document was first circulated for consultation on 31 March 2004, and NPT then received comments from BaneTele AS, Catch Communications AS, the Norwegian Competition Authority, NextGenTel AS, Song Networks AS, TDC Norge AS, Tele2 Norge AS, Telenor ASA and Tiscali AS.