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Myanmar junta backs Telenor unit sale after buyer M1 pairs with local firm

Telenor, one of the biggest foreign investors in Myanmar, said in July it was selling its operations there to M1 Group for $105 million

Myanmar junta backs Telenor unit sale after buyer M1 pairs with local firm
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Reuters
Lebanon's M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor's business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with the matter told Reuters.

Telenor, one of the biggest foreign investors in Myanmar, said in July it was selling its operations there to M1 Group for $105 million, retreating from a country that has slid into chaos after a military coup in February last year.
 
Its exit has been mired in difficulties as the junta piles pressure on telecom and internet companies to install surveillance technology and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 21 2022 | 11:23 AM IST

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