Telenor to exit Thai market with sale of True stake for NOK 39 billion

Telenor has agreed to sell its remaining stake in Thai operator True, valuing the shareholding at NOK 39 billion. The deal will see the Norwegian group fully exit the Thai telecom market.

The sale marks the end of Telenor’s presence in Thailand, following its earlier involvement in the merger that created the current True group. Proceeds from the transaction and further details on timing or use of funds were not disclosed in the excerpt.