Qatar telecoms firm Ooredoo in talks to sell its Myanmar unit - sources

Sources said Doha-based Ooredoo has informed PTD of its intention to sell a unit, that was Myanmar's third-biggest operator with nearly 15 million users in 2020, before the industry was disrupted by February 2021's military coup. - Reuters

YANGON (Reuters): Qatari telecommunications firm Ooredoo is in talks to sell its Myanmar unit in what would mark the exit of the country's last foreign telecoms operator, two people familiar with the matter told Reuters.

The people said Doha-based Ooredoo has informed Myanmar's Posts and Telecommunications Department (PTD), the country's regulator, of its intention to sell a unit that was Myanmar's third-biggest operator with nearly 15 million users in 2020, before the industry was disrupted by February 2021's military coup.