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Telenor thinking to sell mobile business in eastern, central Europe

Staff Writer |
Telenor has received interest over a potential bid for its mobile phone operations in central and eastern Europe, and will evaluate its options, it said.

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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.

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