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Telenor posts Q1 loss after writing off Myanmar business following coup

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OSLO: Norway’s Telenor wrote off the value of its Myanmar operation in light of the country’s deteriorating security and human rights situation, plunging the group into a first-quarter loss and sending its shares lower on Tuesday (May 4). While it will continue to operate in Myanmar, Telenor’s …

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OSLO: Norway’s Telenor wrote off the value of its Myanmar operation in light of the country’s deteriorating security and human rights situation, plunging the group into a first-quarter loss and sending its shares lower on Tuesday (May 4).

While it will continue to operate in Myanmar, Telenor’s …
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