Telenor Seeks Bids For 1Bn Pakistan Unit News
The Norwegian telecommunications provider is collaborating with Citigroup Inc. and will solicit initial offers for the business later this month. Telenor announced in July that it would conduct a strategic assessment of its Pakistan arm following a $244 million impairment on operations in the growing market. People anticipate that strategic purchasers from the Middle East and Asia with existing businesses in Pakistan will be interested. They stated that discussions are underway and there is no certainty that they would result in a transaction....