Geographic strategic pivot
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Telenor Exits Asia Operations to Focus More on the Nordic Region
ZACKS· 2026-01-26 16:15
Key Takeaways TELNY is selling its 24.95% stake in True Corp to Arise Digital for THB 11.70 per share.The sale unlocks NOK 14.7B in gains and supports TELNY's shift to core Nordic operations.TELNY aims to boost 5G, security, and efficiency as it focuses on stable Nordic markets.Telenor ASA (TELNY) is reshaping its geographic footprint by aiming for a strategic pivot away from non-core Asian operations toward a more focused, Nordic-centric business model. The company has inked an agreement to divest its rema ...