OSLO (Reuters) - Norwegian telecoms operator Telenor has sold its Myanmar operations to Lebanese investment firm M1 Group for $105 million, Telenor said on Thursday, announcing its retreat from a country that slid into chaos after a military coup in February.
"Further deterioration of the situation and recent developments in Myanmar form the basis for the decision todivest the company," Telenor said in a statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!