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News Forum - Myanmar junta approves Telenor sale to M1 and its associate firm

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Reuters reported that Lebanon’s M1 Group will join with a Myanmar firm to take over Norwegian telecom giant Telenor in the Southeast Asian country after the country’s military government sought a local bidder. Since the junta is putting pressure on telecom and internet companies to install monitoring technologies, one of Myanmar’s largest foreign investors, Telenor, said in July that it was selling its assets for US$105 million to M1 Group, exiting a country that has descended into turmoil since a military takeover in February last year. Its senior executives were also prohibited from leaving the country. At the same time, […]

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