New 701Search partner Telenor will add 'mobile muscle' to the media company
The addition of Norway telco Telenor as a partner in 701Search will help the media company build up its business, the company's other partners said on Thursday.
Telenor completed its acquisition of a third of 701Search on Tuesday, joining Singapore Press Holdings (SPH) and Oslo-listed Schibsted Media Group as equal partners in the media company.
Oslo-listed Telenor is Norway's leading telecommunications operator, with more than 150 million mobile subscriptions and mobile operations in 12 markets in the Nordic region, Central and East Europe and Asia.
Telenor's expertise in the mobile arena will be valuable to 701Search as it expands its business, said SPH chief executive Alan Chan.