Norwegian telecoms operator Telenor (TEL.OL) is exploring the sale of its Myanmar unit, industry publication TMT Finance reported on Thursday, and has hired Citi to sell the business, with non-binding bids due in the coming weeks, Reuters reported.
A Telenor spokesperson said the company does not "comment on market rumours". Citi declined to comment.
Telenor wrote off the value of its Myanmar operation in May in light of the deteriorating security and human rights situation in the country, where its mobile business remains severely restricted following the Feb. 1 military coup.