Myanmar Mobile Meltdown: Telenor’s Timeline of Telecom Turmoil
Earlier this month, Norway-based Telenor Group agreed to sell 100% of its mobile business in Myanmar to Lebanese investment firm M1 Group. The deal is valued at $105 million.
As recently as 2013, Myanmar was hailed as the last untapped market in Asia, with global telecom giants jockeying to gain a foothold in the market. But since the country suffered a military coup in February 2021, international operators have watched nervously as conditions have deteriorated.