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Norway's Telenor is selling Pakistan's telecoms unit after 18 years: Read what CEO said on the sale

Norway's Telenor agrees to sell its Pakistan unit to Pakistan Telecommunications for $490 million. The sale is part of Telenor's restructuring of its Asian businesses. Telenor launched operations in Pakistan 18 years ago and currently has 45 million customers. The deal is subject to regulatory approvals and is expected to close in 2024. Telenor's remaining Asian portfolio includes stakes in Grameenphone, CelcomDigi, and True Corp.

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