Telenor (TEL NO) agrees to sell True Corporation stake for around NOK 39bln, Bloomberg reports
Telenor's agreement to sell its stake in True Corporation for approximately NOK 39 billion indicates a strategic move to possibly streamline operations or fund new investments.
Newsquawk Daily European Equity Opening News - 22nd January 2026
Newsquawk Daily European Opening News - 22nd January 2026
Telenor (TEL NO) agrees to sell True Corporation stake for around NOK 39bln, Bloomberg reports
EQT (EQT SS) is to buy Coller Capital for USD 3.2bln, Bloomberg reports
Foxconn (2317 TT) is to form a JV with Mitsubishi Fuso (DTG GY) in Japan to develop and produce electric buses
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This divestiture could signal a shift in Telenor's focus, reinforcing trends in consolidation within the telecom sector, and may impact investor sentiment for both Telenor and its peers in the telecommunications space.
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