Telenor CEO eyes strategic solution for Pakistan business by year-end
Business
Lists merger, sale or continuation as available options
OSLO (Reuters/Web Desk) – Norwegian telecoms operator Telenor hopes to decide on a strategic solution for its Pakistan business before year-end, the company's CEO told Reuters on Wednesday.
"We are in contact with many parties now, which is why I say I'm rather optimistic that we will by the end of the year have a final solution," CEO Sigve Brekke said.
The three options are a merger similar to what Telenor has already done for other parts of its Asia businesses, a sale, or to continue but in a different operational model, he added.
The Norwegian giant has been in the news since 2022 when it launched a review to assess options in what it described as a “challenging business environment” in its annual report for the year.
Interestingly, Telenor’s latest quarterly results showed the company experienced revenue growth in Pakistan and Bangladesh.
