Telenor CEO eyes strategic solution for Pakistan business by year-end

Women queue to collect cash through a mobile wallet in Islamabad, Pakistan on April 9, 2020. (AFP/File)
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  • Telenor CEO Sigve Brekke says telecoms operator in contact with ‘many parties’ over Pakistan business
  • Says all options are similar to what Telenor has already done for other parts of its Asia business

OSLO: Norwegian telecoms operator Telenor hopes to decide on a strategic solution for its Pakistan business before year-end, the company’s CEO told Reuters on Wednesday.

“We are in contact with many parties now, which is why I say I’m rather optimistic that we will by the end of the year have a final solution,” CEO Sigve Brekke said.

The three options are a merger similar to what Telenor has already done for other parts of its Asia businesses, a sale, or to continue but in a different operational model, he added.