Wave Money is the largest digital payment service in Myanmar, and acts as a kind of Vipps, and Telenor owns 51 percent of the shares, writes Dagens Næringsliv.
The price tag is 53 million dollars, sources report to the Asian financial newspaper Nikkei Asia, a sister publication of the Financial Times. The buyer is the investment company Yoma Group in Singapore.
Earlier this autumn, it was announced that Telenor will sell its operations in Thailand, and this summer it was announced that the Norwegian company will sell its entire mobile operations in Myanmar to the Lebanese M1 Group. The latter has not yet received regulatory approval.
Nikkei Asia also highlights Yoma as a possible buyer of Telenor’s entire mobile operations in Myanmar if the announced sale to M1 Group is not approved by the authorities.
(©NTB)
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