Following a military coup in Myanmar in 2021, Telenor announced the sale of its business.
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Puma’s interest in Myanmar includes the a fuel import terminal at Thilawa and aviation fuel supplies.
The transaction is subject to customary closing conditions, including Myanmar regulatory approvals.
Norway’s Telenor withdrew from the country in March this year in a departure mired in difficulty.
The move would mark the exit of the country’s last foreign telecom operator
Kirin’s 51% stake in Myanmar Brewery will be sold back to the brewery for $164m
The report covered 380 venture investors in Southeast Asia.
In 2020, Ascent Capital Partners led a $26-million minority investment in Frontiir
At least $20m will be for green financing — IFC’s first green loan in Cambodia.
Telenor in May 2021 wrote down the value of its Myanmar business by 6.5 billion crowns ($751 million).