Telenor's fire sale of troubled Myanmar unit includes $100m in funds

Telenor's fire sale of troubled Myanmar unit includes $100m in funds

Telenor's 37th LightHouse follows the mission of digital literacy in Myanmar. Photo: Telenor.

Norway’s Telenor is planning to transfer $100 million held by its troubled Myanmar operations to the unit‘s new buyers – an amount roughly equivalent to how much it will be paid over five years, three people with knowledge of the deal’s terms said.

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