Published by Global Banking & Finance Review®
Posted on January 22, 2026
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleTelenor sells its stake in Thailand's True Corporation for $3.9 billion, marking a strategic divestment move involving Arise Digital Technology.
OSLO, Jan 22 (Reuters) - Norway's Telenor said on Thursday it had agreed to sell its stake in Thailand's True Corporation for a total value of about 39 billion Norwegian crowns ($3.92 billion).
Telenor Group said it signed an agreement with Arise Digital Technology Company, owned by Khun Suphachai Chearavanont, to sell 24.95% in True, and agreed to a sale of its remaining 5.35% two years after the closing of the initial sale.
($1 = 9.9484 Norwegian crowns)
(Reporting by Terje Solsvik; Editing by Jamie Freed)
Equity represents ownership in a company, typically in the form of shares. It allows shareholders to benefit from the company's growth and profits.
Divestment is the process of selling off a portion of a company's assets or investments, often to streamline operations or raise capital.
A stake in a company refers to the ownership interest held by an individual or entity, usually represented by shares.
Future implications refer to the potential effects or outcomes of a financial decision or transaction that may impact a company's performance.
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