Sells Myanmar Local Telecommunication Operator, Telenor to M1 group

According to Telenor Myanmar, Telenor Myanmar has agreed to transfer Telenor Myanmar to the M1 group. M1 Group is an international investment group with extensive experience in the telecommunication industry.

M1 Group will acquire a 100% stake in Telenor Myanmar as the new business owner and Telenor Myanmar’s Spectrum, Licenses, contracts, Business management, Employees and customers will be retained. It is also stated that the transfer of the new property depends on the approval of the relevant authorities. Photo Source https://www.telenor.com/media/press-release/telenor-group-sells-telenor-myanmar-to-m1-group%e2%80%af

Telenor Myanmar’s operations and services will continue to operate and the operations and organization will not change immediately. All products and services will remain as they are and all contracts with Telenor Myanmar will remain in place.

The transfer to the new property depends on the approval of the relevant authorities. Plans will be made to facilitate the transfer of ownership.

For more information, please visit Telenor Group’s press release at the following link.

https://www.telenor.com/media/press-release/telenor-group-sells-telenor-myanmar-to-m1-group%e2%80%af