Telenor, which has ops in Malaysia, quits Myanmar

The Norwegian state-controlled operator has operations in the Nordics as well as in Asia, where 95% of its 187 million customers reside - in Bangladesh, Malaysia, Pakistan and Thailand, as well as Myanmar.

OSLO: Norwegian telecoms firm Telenor, which has operations in Malaysia, has sold its Myanmar business, blaming the difficulties of operating under the military junta and dealing a blow to activists who say they relied on the only Western operator for communications.

Telenor, one of the biggest foreign investors in Myanmar, sold its Myanmar operations to Lebanese investment firm M1 Group for $105 million, announcing its retreat from a country that slid into chaos after a military coup in February.