Telenor has officially exited the Thai telecommunications market by selling its stake in True Corporation for $3.9 billion. This strategic move marks the end of Telenor’s 25-year presence in Southeast Asia.
Key Highlights of the Exit
- The sale of True Corporation stake represents a significant divestment for Telenor.
- The company aims to refocus its operations on the Nordic region, signaling a shift in its global telecom strategy.
- This exit concludes a quarter-century of Telenor’s investment and operations in Southeast Asia.
Implications for Telenor
- By concentrating on the Nordic market, Telenor plans to strengthen and expand its core business.
- The divestment provides substantial capital that can be reinvested into technology and infrastructure development at home.
- The company’s strategy reflects broader trends in the telecommunications industry toward regional specialization.
About The Author
