Norway's Telenor planning to exit Myanmar

TRT WORLD
02 July 2021


The telecom giant has booked massive financial losses in a country marred by a military coup and street protests.

Telenor is one of the largest telecom operators in Myanmar that has seen a flight foreign investment this year. (AP Archive)

Norway's Telenor, a major telecom operator in Myanmar, is weighing its future in the country after booking losses following a military coup and subsequent crackdown.

The company issued a statement on Friday it following reports that it was considering the sale of its unit in the country, Telenor Myanmar.

Telenor was pushed into deep losses in the first quarter after it was forced to write down all of its assets in Myanmar, taking their value from $769 million to zero.

4 countries seek safety of Rohingyas, host communities in Cox’s Bazar

The Daily Star
UNB, Dhaka
September 26, 2019

 Rohingyas from Myanmar wait to be let through by Bangladeshi border guards after crossing the border at Palongkhali of Cox's Bazar on October 16, 2017. File Photo: Reuters

Denmark, Norway, Sweden and Switzerland today said a "safe and secure" situation in the Rohingya camps and surrounding areas in Cox's Bazar must be upheld so that Rohingyas and host communities can feel safe and protected.

Heads of Mission of Denmark, Norway, Sweden and Switzerland, in a joint press statement, laid emphasis on joint efforts by the international community to ensure repatriation of Rohingyas in "voluntary, safe, dignified and sustainable" manner.

UNDP, Norway sign $747,306 agreement

The Daily Star
May 17, 2019

The United Nations Development Programme (UNDP) and the Norwegian government yesterday signed an agreement in Dhaka, aimed at fostering peace and harmony in Rohingya camps and host communities in Cox’s Bazar.

Sidsel Bleken, Norwegian ambassador to Bangladesh, and Sudipto Mukerjee, resident representative, UNDP Bangladesh signed the agreement worth USD 747,306 at the UNDP office for 2019-2021 period.