News & Reviews:   stake

Reports have surfaced that Norwegian telecommunications group Telenor may be considering an eventual exit from its 33.1% stake in Malaysia’s largest mobile operator, CelcomDigi. The speculation comes in the wake of Telenor’s recent divestments in other Asian markets, including its full exit from Thailand through the sale of its stake in True Corporation.

Today, The Edge reported that U Mobile has agreed to sell its entire 100,000 shares in Digital Nasional Bhd (DNB) for RM100,000. The shares will be acquired by CelcomDigi, Maxis, YTL Power International, and the Minister of Finance Inc (MOF Inc), according to filings with Bursa Malaysia.