Telenor Satellite Services Buys GMPCS Personal Communications

OSLO, Norway & ROCKVILLE, Md., Aug. 23/Satnews Daily/ — Telenor Satellite Services, a subsidiary of Telenor of Norway (Oslo Stock Exchange: TEL and NASDAQ: TELN), has purchased GMPCS Personal Communications, Inc., based in Pompano Beach, Florida.

Founded in 1996, GMPCS Personal Communications is a full service provider of global mobile personal communications via satellite. The company is a supplier of equipment, accessories, and value-added solutions and serves many Fortune 500 and Global 1000 corporations. The company realized revenues in excess of $23 million in 2003, a growth of more than 60 percent over 2002 figures.

GMPCS will continue its operations as a wholly owned subsidiary of Telenor Satellite Services Holdings, Inc., the holding company for all of Telenor Satellite Services' United States business operations.

"GMPCS Personal Communications is a world leader in the provision of turnkey mobile satellite solutions to industry and individuals," said Tore Hilde, CEO of Telenor Satellite Services. “GMPCS's mission and business strategy are a natural fit with Telenor Satellite Services and our business and growth strategy."

GMPCS currently has approximately 40 employees including Sales, Marketing, Technical Support, Accounting, Customer Support and Equipment Management.

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