Telenor to sell Pakistan telecoms unit for $490 million

FILE PHOTO: A person walks by Telenor telecommunication company's headquarters in Fornebu, Norway, June 1, 2017. REUTERS/Ints Kalnins/File Photo

OSLO (Reuters) -Norway's Telenor said on Thursday it had agreed to sell its Pakistan unit to state group Pakistan Telecommunications in a transaction valuing the operation at 5.3 billion Norwegian crowns ($490 million).

Telenor Pakistan, launched 18 years ago, and has 45 million customers, the company said in a statement.