Telenor sells Myanmar operations to Lebanese investment firm M1 Group for US$105 million

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Telenor sells Myanmar operations to M1 Group for US$105 million

OSLO: Norwegian telecoms operator Telenor has sold its Myanmar operations to Lebanese investment firm M1 Group for US$105 million, Telenor said on Thursday .

"Further deterioration of the situation and recent developments in Myanmar form the basis for the decision to divest the company," Telenor said in a statement.Telenor wrote off the value of its Myanmar unit in May, booking a loss of 6.5 billion Norwegian crowns , after seeing its mobile business severely restricted following the Feb 1 military coup.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in FR

France Dernières Nouvelles, France Actualités