M1 Group acquires Telenor Myanmar

Telenor Group has entered into an agreement to sell 100 per cent of its mobile operations in Myanmar to M1 Group for a total consideration of $105 million (€88.8m), of which $55 million is a deferred payment over five years.

The transaction corresponds to an implied enterprise value of approximately $600 million. M1 Group will acquire all the shares in Telenor Myanmar and continue the current operation.

Source: M1 Group acquires Telenor Myanmar