Myanmar’s junta gives final nod for sale of Telenor’s domestic unit

Photo: Telenor website

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 a Lebanese investment firm, the firm said on Friday.

Telenor Chief Executive Sigve Brekke said in a statement the firm had to leave the country to “adhere to our own values on human rights and responsible business, and because local laws in Myanmar conflict with European laws”.

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