14 December 2023 at 06:53 Telenor sells subsidiary in Pakistan for NOK 5.3 billion The subsidiary Telenor Pakistan is sold to Pakistan Telecommunications Company, which is the national telecommunications and ICT company in Pakistan. Telenor writes this in a stock exchange announcement on Thursday morning. – Telenor’s business in Pakistan started as an investment in an immature market, and after 18 successful years, we have now decided to sell the business, says Telenor CEO Sigve Brekke in a press release. – By selling to the country’s largest integrated ICT company, this consolidation will help strengthen Pakistan’s telecoms sector, he says further. Pakistan’s national telecommunications company thus pays NOK 5.3 billion for Telenor’s Pakistani operations. The company has 45 million customers in Pakistan. Telenor CEO Brekke announced in DN this summer that a restructuring of the business in the country was on the way. The remaining Telenor Asia portfolio consists of the operators Grameenphone in Bangladesh, CelcomDigi in Malaysia and True Corporation in Thailand, with close to 160 million customers.
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