Telenor Group will divest its 34.2% stake in Digital Money Myanmar Limited
("Wave Money") to Yoma Strategic Holdings Ltd. Wave Money was launched together
with First Myanmar Investment Co. Ltd and Yoma Bank in November 2016.
As the leading e-wallet in Myanmar, Wave Money will remain an important digital
partner for Telenor Myanmar and the strong co-operation between the two
companies will continue.
Telenor Group will receive USD 76.5 million from the divestment.
Øystein Myrvold, +47 99230460
Kristine Devold, +47 90050780
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