Telenor is often viewed here as a Nordic telco. However, exactly like Telia Sonera, it is one of the largest mobile operator worldwide, competing with the likes of Vodafone, Telefonica and China Mobile. The company just announced that at the end of Q3 2008, it had reached 159,000,000 subscribers worldwide.

Interestingly, their Asian "business environment is currently more turbulent, and we foresee a period with lower global growth. In Asia in particular, the revenue development continues to be affected by the macro economic development as well as strong competition".

My colleague Pete Nuthall also just published a report "The Economic Downturn Sets Back The European Mobile Consumer Market: Mobile Data Growth Is On Hold As Consumers Turn To SIM-Only Deals". Available on Forrester website here.