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Telenor sells its stake in Thailand's True Corporation for $3.9 billion

Published by Global Banking & Finance Review

Posted on January 22, 2026

1 min read

· Last updated: January 22, 2026

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Telenor sells its stake in Thailand's True Corporation for $3.9 billion
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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 Divests $3.9 Billion Stake in Thailand's True Corporation

Telenor's Strategic Move in Thailand

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).

Details of the Sale

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.

Future Implications

($1 = 9.9484 Norwegian crowns)

(Reporting by Terje Solsvik; Editing by Jamie Freed)

Key Takeaways

  • Telenor sells its stake in True Corporation for $3.9 billion.
  • The sale involves Arise Digital Technology Company.
  • Telenor will sell its remaining stake in two years.
  • The transaction is valued at 39 billion Norwegian crowns.
  • This move is part of Telenor's strategic financial decisions.

Frequently Asked Questions

What is equity?
Equity represents ownership in a company, typically in the form of shares. It allows shareholders to benefit from the company's growth and profits.
What is a divestment?
Divestment is the process of selling off a portion of a company's assets or investments, often to streamline operations or raise capital.
What is a stake in a company?
A stake in a company refers to the ownership interest held by an individual or entity, usually represented by shares.
What are future implications in finance?
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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