Telenor gets approval for Myanmar exit

Norwegian incumbent Telenor has overcome the last big hurdle to the sale of its Myanmar operation.
The Myanmar Investment Commission late last week approved a plan that – as stipulated by the junta – paves the way for a domestic partner to acquire majority control of the business.
“The security situation is extreme and deteriorating, and we must ensure that our exit does not increase the safety risk for employees. With limited options available, the sale of Telenor Myanmar is d