Category: Business
Telenor Announces Sale of Pakistani Telecoms Unit for $490 Million
Norway’s Telenor (TEL.OL) announced on Thursday that it had reached an agreement to divest its Pakistani unit to state entity Pakistan Telecommunications (PTCA.PSX) in a deal that values the unit at 5.3 billion Norwegian crowns ($490 million). The Norwegian conglomerate has been restructuring its Asian operations, consolidating larger entities in Thailand and Malaysia through local…