Telenor sells its stake in Thailand's True Corporation for $3.9 billion
22/01/2026 06:03
OSLO, Jan 22 (Reuters) - Norway's Telenor TEL.OL said on Thursday it had agreed to sell its stake in Thailand's True Corporation TRUE.BK for a total value of about 39 billion Norwegian crowns ($3.92 billion). Telenor Group said it signed an agreement with Arise Digital Technology Company, owned by Khun Suphachai Chearavanont, to sell 24.95% in True, and agreed to a sale of its remaining 5.35% two years after the closing of the initial sale. ($1 = 9.9484 Norwegian crowns) (Reporting by Terje Solsvik; Editing by Jamie Freed) ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))