WebMar 18, 2024 · Norway's Telenor only learnt recently who would become the new majority owner of its Myanmar business following its sale, CEO Sigve Brekke told Reuters. While Telenor is selling the Myanmar unit to Lebanese investment firm M1, the largest owner will be local company Shwe Byain Phyu. "We were informed a couple of months ago," Brekke … WebJun 2, 2024 · Telenor Myanmar is controlled by M1 Group affiliate Investcom, which is 49 per cent owned by local partner Shwe Byain Phyu.. Norway-headquartered Telenor stated in March it was working with M1 Group to ensure a smooth transition for customers, partners and employees after the sale.
Junta Chief’s Daughter Acquires Slice of Telenor’s Myanmar …
WebMar 25, 2024 · As Telenor’s majority stakeholder, the Norwegian government must pursue accountability for any... Published on Apr 22, 2024. Telenor Myanmar operations handed over to new owner Investcom. The 25-year-old son of military-linked Shwe Byain Phyu chairperson—Investcom’s majority shareholder—will be deputy CEO of the new company. WebOne of Shwe Byain Phyu’s subsidiaries, the Mahar Yoma Public Company, has a share in MyTel Telecommunications, which is majority-owned by the terrorist military. Investcom's remaining shares are owned by the Lebanese-based M1 Group, which has been linked to the terrorist military in connection with tax evasion. high park community league edmonton
New evidence of deep and continuing military links to Telenor …
WebMar 25, 2024 · Khin Thiri Thet Mon, a daughter of junta leader Min Aung Hlaing, has acquired a stake in Investcom PTE Ltd, which has bought Norwegian telecoms firm Telenor’s … WebMar 25, 2024 · Reuters reported in February that Shwe Byain Phyu, whose chairman has a history of business ties to the military, will own 80% of the Myanmar operation while M1 will own the rest. WebFeb 8, 2024 · Shwe Byain Phyu spokesperson, Kyaw Myo Aung, says the group is not privy to the details of the Telenor sale but describes allegations that the group is linked to the … how many angles are in a trapezium