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Bangkok Post
Bangkok Post
Business

Junta gives final approval for sale of Telenor's Myanmar unit

Myanmar Telenor
This general view shows the Shwedagon Pagoda in Yangon, Myanmar, on Feb 1, 2022. (Photo: AFP)

SINGAPORE: Myanmar's junta has given the final approval for the sale of Norwegian telecommunications company Telenor's operations in the country to a local company and Lebanese investment firm, according to three sources with knowledge of the matter.

According to a letter of approval sent on Mar 15, seen by two of the people, the transfer of Telenor's Myanmar unit to its new owners must happen within five days.

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