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.
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