Telenor Kicks Off Sale of $1 Billion Pakistan Business
- Norwegian telecom operator is working with Citigroup
- Unit expected to draw strategic bidders from Asia, Mideast
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Telenor ASA is pushing ahead with plans to sell its operations in Pakistan, which could be valued at about $1 billion, people familiar with the matter said.
The Norwegian telecommunications operator is working with Citigroup Inc. and will invite first round bids for the business later this month, the people said, asking not to be identified discussing confidential information.