Telenor rises after agreement to sell stake in Thailand's True

Telenor ASA

22/01/2026 08:28

** Shares in Norway's Telenor TEL.OL rise about 7% after it agreed to sell its 30.3% stake in Thailand's True Corporation TRUE.BK for 39 billion Norwegian crowns ($3.9 billion)

** The deal is the company's second divestment in Asian markets in recent months, following the sale of Telenor Pakistan in December

** If the gains hold, Telenor shares will see their best day since July 2023

($1 = 9.9364 Norwegian crowns)

(Reporting by Elviira Luoma)

((Elviira.luoma@thomsonreuters.com))