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Brief: Telenor Sells Ownership In True Corporation

Jan 22 (Reuters) - Telenor ASA TEL.OL:

TELENOR SELLS OWNERSHIP IN TRUE CORPORATION

TELENOR - TO SELL TRUE CORPORATION STAKE FOR NOK 39 BILLION

TELENOR - TO SELL 24.95% TRUE SHARES AT THB 11.70 PER SHARE

TELENOR - PROCEEDS FROM SALE OF 24.95 PERCENT OF SALE IN TRUE WILL BE THB 100.9 BILLION

TELENOR - TELENOR WILL RECOGNISE AN ACCOUNTING GAIN OF APPROXIMATELY NOK 14.7 BILLION (ASSUMING CURRENT EXCHANGE RATES) AT CLOSING OF INITIAL SALE.

:TELENOR - TO SELL TRUE CORPORATION STAKE FOR NOK 39 BILLION

Source text: ID:nObiJMRtNa

Further company coverage: TEL.OL

 ((Reuters.Briefs@thomsonreuters.com;))

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