Telenor Exits Thailand with NOK 39 Billion True Corp Stake Sale (TEL.OL)

Telenor (TEL.OL) announced on January 22, 2026, it will divest its stake in True Corporation for NOK 39 billion ($3.6 billion), completing its exit from Thailand's telecommunications market. The Norwegian operator did not identify the buyer or specify the stake percentage. The transaction, subject to regulatory approvals, is expected to close in the second half of 2026. Telenor entered Thailand in 2005 through DTAC, which merged with True in 2023 to create the country's second-largest mobile carrier. Proceeds will fund debt reduction and network investments in core Nordic markets, according to the company statement.