Telenor (TEL NO) agrees to sell True Corporation stake for around NOK 39bln, Bloomberg reports
Newsquawk Staff ·
Telenor (TEL NO) agrees to sell True Corporation stake for around NOK 39bln, Bloomberg reports.
What it means
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. 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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