{"id":798697,"date":"2021-07-02T11:27:03","date_gmt":"2021-07-02T11:27:03","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2021\/07\/02\/telenor-says-evaluating-future-of-myanmar-operation\/"},"modified":"2021-07-02T11:27:03","modified_gmt":"2021-07-02T11:27:03","slug":"telenor-says-evaluating-future-of-myanmar-operation","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2021\/07\/02\/telenor-says-evaluating-future-of-myanmar-operation\/","title":{"rendered":"Telenor says evaluating future of Myanmar operation"},"content":{"rendered":"<p>Norwegian telecoms operator Telenor is considering the future of its operations in Myanmar amid the deteriorating business and security situation in the country, the company said on Friday.<\/p>\n<p>&#8220;Due to the continued situation, Telenor Group is in the process of evaluating various options with regards to its presence in the country,&#8221; the company said in a statement.<\/p>\n<p>Industry publication TMT Finance reported on Thursday that Telenor was exploring a sale of the Myanmar unit and that Citi had been hired to sell the business, with non-binding bids due in the coming weeks.<\/p>\n<p>A source with direct knowledge of the matter, speaking on condition of anonymity, confirmed to Reuters that the detail of the TMT Finance report was accurate.<\/p>\n<p>Telenor wrote off the value of its Myanmar operation in May after its mobile business remained severely restricted following the Feb. 1 military coup.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwegian telecoms operator Telenor is considering the future of its operations in Myanmar amid the deteriorating business and security situation in the country, the company said on Friday. &#8220;Due to the continued situation, Telenor Group is in the process of evaluating various options with regards to its presence in the country,&#8221; the company said in a statement. Industry publication TMT Finance reported on Thursday that Telenor was exploring a sale of the Myanmar unit and that Citi had been hired to sell the business, with non-binding bids due in the coming weeks. A source with direct knowledge of the matter, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-798697","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/798697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=798697"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/798697\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=798697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=798697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=798697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}