Telenor quits Myanmar as regime pressures telco operators
8 July 2021
Norwegian telecoms operator Telenor has announced [...] the sale of its mobile operations in Myanmar to M1 Group, a Lebanese company, for $105 million.
"Further deterioration of the situation and recent developments in Myanmar form the basis for the decision to divest the company," Telenor said in its statement.
Along with internet service providers, Myanmar's four telco operators -- Telenor, Ooredoo from Qatar, state-owned Myanmar Post & Telecommunications (MPT), and military-owned Mytel - were ordered to block social media platforms, shut mobile data and wireless access, and close their networks at night.
Telenor's exit indicates how difficult the business environment has become for companies wishing to operate responsibly. When it wrote off the business in May, Telenor openly cited security and human rights concerns.