Reuters reveals Myanmar junta backs Telenor unit sale after buyer M1 pairs with local firm - Reuters News Agency
Business & FinanceDealsTechnology

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

Reuters broke the news that 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. 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 bars senior executives from leaving the country.

Article Tags
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: Myanmar
Win Types: Speed
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: Telenor's logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica/File Photo
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