Telenor's Myanmar sell-off mired in uncertainty

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Industry insiders say the head of Myanmar's junta, Senior Gen. Min Aung Hlaing, may reject Telenor's exit plan. (Nikkei montage/Reuters/Getty Images)

RORY WALLACE and JOHN LIU, Contributing writers, and GWEN ROBINSON, Nikkei Asia editor-at-large

September 7, 2021 17:36 JST

YANGON/BANGKOK -- Norwegian telecom giant Telenor Group remains stuck in Myanmar for now, despite its July announcement of the $105 million sale of its local business to Lebanese investment company M1 Group, as sources confirmed the military regime's reluctance to approve the deal.