Telecom tumbles in Myanmar in 2021

By Agence France-Presse

Feb 04, 2022 12:03 am

YANGON: Profits at Norwegian telecoms operator Telenor tumbled in 2021, the company announced on Wednesday, with its divestment from Myanmar following last year's military coup playing a major role.

Annual net profits dropped from 17.3 billion kroner in 2020 to 1.5 billion kroner (153.6 million euros) last year, with the falling profitability of local subsidiary Telenor Myanmar accounting for almost half of the drop.

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