Oslo ¨C Since Myanmar¡¯s military ordered telecoms operators to shut their networks in an effort to end protests against its February coup, Telenor¡¯s business there has been in limbo.
As one of the few Western companies to bet on the Southeast Asian country after it emerged from military dictatorship a decade ago, the return to army rule led to a $783 million write-off last week for Norway¡¯s Telenor.
The Norwegian state-controlled firm, one of the biggest foreign investors in Myanmar, must now decide whether to ride out the turmoil, or withdraw from a market which last year contributed 7% of its earnings.
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