{"id":987819,"date":"2026-01-22T17:27:59","date_gmt":"2026-01-22T11:57:59","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=987819"},"modified":"2026-01-26T11:26:56","modified_gmt":"2026-01-26T05:56:56","slug":"telenor-sells-its-stake-in-thailands-true-corporation-for-3-9-billion-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/22\/telenor-sells-its-stake-in-thailands-true-corporation-for-3-9-billion-2\/","title":{"rendered":"Telenor sells its stake in Thailand&#8217;s True Corporation for $3.9 billion"},"content":{"rendered":"<p>Norway&#8217;s Telenor said on \u2060Thursday it had agreed to sell its stake in Thailand&#8217;s True Corporation for a \u200ctotal \u200cvalue of about 39 billion Norwegian crowns ($3.92 billion).<\/p>\n<p>Telenor \u200cGroup said it signed an agreement with Arise Digital Technology Company, owned by Khun Suphachai Chearavanont, to sell 24.95% in True, and agreed to a sale of its remaining \u200c5.35% stake two \u200dyears after the closing \u200dof the initial sale.<\/p>\n<p>True is one \u200cof Thailand&#8217;s biggest telecom operators with around 60 million customers. <\/p>\n<p>Telenor will book an accounting gain of 14.7 billion crowns at the current exchange rate at the \u200dclosing of the initial stake sale and said it aims \u200dto provide \u2060further information next \u2060month on the use of the proceeds. <\/p>\n<p>&#8220;The transaction is subject to customary conditions and is expected to close within a few months,&#8221; Telenor said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norway&#8217;s Telenor said on \u2060Thursday it had agreed to sell its stake in Thailand&#8217;s True Corporation for a \u200ctotal \u200cvalue of about 39 billion Norwegian crowns ($3.92 billion). Telenor \u200cGroup said it signed an agreement with Arise Digital Technology Company, owned by Khun Suphachai Chearavanont, to sell 24.95% in True, and agreed to a sale of its remaining \u200c5.35% stake two \u200dyears after the closing \u200dof the initial sale. True is one \u200cof Thailand&#8217;s biggest telecom operators with around 60 million customers. Telenor will book an accounting gain of 14.7 billion crowns at the current exchange rate at the \u200dclosing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-987819","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/987819","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=987819"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/987819\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=987819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=987819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=987819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}