May 04, 2021 04:30 PM (GMT+8) · EqualOcean
In its first quarter results released on May 4, Telenor said that in view of the current political situation in Myanmar, it had reduced the valuation of its Myanmar business from NOK 6.5 billion (about US $783 million) to zero, and that this part of the business would be removed from the quarterly and annual results of its head office. Myanmar's mobile Internet function was shut down by the telecommunications department on March 15, but has not been restored.