Telenor thinking to sell mobile business in eastern, central Europe
The company’s mobile phone operations in the region are based in Hungary, Bulgaria, Montenegro and Serbia.
“With a view of creating shareholder value, Telenor has engaged in a process to evaluate the interest received. Telenor expects to conduct these assessments in the first quarter of 2018,” it said in a statement.
The eastern and central European operations contributed eight percent of Telenor’s revenues and nine percent of core operating earnings in 2017, it added. ■