Telenor exits Thailand with $3.9bn True sale as Asia retreat accelerates

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Telenor exits Thailand with $3.9bn True sale as Asia retreat accelerates

Nordic operator group Telenor has agreed to sell its stake in Thailand’s True Corporation for NOK39 billion (US$3.9 billion), drawing a line under 25 years in the Southeast Asian market as it continues to pull back from Asia to refocus on its Nordic core.

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