Telenor CEO Sets Sights on Strategic Resolution for Pakistan Business by Year-End
Norwegian telecom giant Telenor is actively exploring strategic options for its Pakistan business, with the CEO, Sigve Brekke, expressing optimism about reaching a final decision by the end of the year. The options under consideration include a potential merger, a sale, or a shift in the operational model. This move signifies Telenor's dedication to ensuring a prosperous presence in the dynamic Pakistani business landscape.
Karobar
In a recent development, Telenor, the Norwegian telecoms operator, is actively exploring options to determine the fate of its Pakistan business, with an aim to reach a strategic decision by the close of this year, as revealed by CEO Sigve Brekke in an interview with Reuters on Wednesday.
CEO Sigve Brekke:
"We are currently engaged in discussions with various stakeholders, and this leads me to express my optimism about reaching a conclusive decision before the year's end."
This pursuit of a strategic solution entails considering three key options: a merger, akin to Telenor's successful strategic moves in other sectors of its Asian portfolio; the possibility of a sale; or a shift towards a different operational model, as Brekke elaborated.
Further Details:
Telenor's contemplation of a strategic solution for its Pakistan business reflects the company's commitment to optimizing its operations and ensuring a prosperous future in the Pakistani market.
