BANGKOK -- Norwegian telecommunications company Telenor on Tuesday said it has fully written off its Myanmar operations, at a charge of 6.5 billion krone ($782 million), citing the severe impact of the military coup.
"Due to the worsening of [the] economic and business environment outlook and a deteriorating security and human rights situation, we see limited prospects of improvement going forward," the company's CEO Sigve Brekke said at a financial results briefing for the first quarter of 2021.
