Myanmar junta may force M1 to partner with local business to buy Telenor unit

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Following the overthrow of the civilian government by a military junta in February this year, the Myanmar telecoms market has been plunged into chaos. By May, the highly volatile environment saw Telenor write off its $782 million Burmese unit entirely and, in July, the unit’s sale for around $105 million was agreed with Lebanese telecoms group M1. However, it quickly became apparent that the new military regime was &ldquo…

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