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Telenor Myanmar (Burmese: တယ်လီနော မြန်မာ) was a telecommunications brand in Myanmar (Burma) between 2014 and 2022. It was established as a subsidiary of the Norwegian Telenor Group, [1] and was sold off to the Lebanese M1 Group in the aftermath of the 2021 Myanmar coup d'état . [2]
Telenor Group has been informed that the Myanmar Investment Commission has given final regulatory approval to the sale of Telenor Myanmar to M1 Group.
Jul 8, 2021 · OSLO, July 8 (Reuters) - Norwegian telecoms firm Telenor (TEL.OL) has sold its Myanmar business, blaming the difficulties of operating under the military junta and dealing a blow to activists...
Mar 18, 2022 · SINGAPORE, March 18 (Reuters) - Myanmar's junta has given the final approval for the sale of Norwegian telecommunications company Telenor's (TEL.OL) operations in the country to a local company...
Mar 24, 2022 · Telenor has completed the sale of Telenor Myanmar. In line with the sales and purchase agreement, Telenor has received USD 50 million (approximately NOK 450 million) at closing. The remaining USD 55 million shall be received in equal installments over the coming 5 years.
May 4, 2021 · OSLO, May 4 (Reuters) - Norway's Telenor (TEL.OL) wrote off the value of its Myanmar operation in light of the country's deteriorating security and human rights situation, plunging the group...
Jul 8, 2021 · Telenor, the Norwegian telecommunications company, says it has reached an agreement to sell its Myanmar mobile phone business to M1 Group, exiting a country that was plunged into chaos after...
Jul 8, 2021 · Telenor and other telecoms groups in Myanmar, which include Qatar’s Ooredoo and military-backed operators, had been forced to cut off mobile and internet services by the junta.
Telenor is facing very sensitive security challenges in Myanmar, with employees on the ground in Myanmar who are refused to leave the country. This applies as long as the regulatory approval process for the sale of Telenor Myanmar is ongoing and is part of the overall and ongoing risk assessment made by Telenor.
