Lebanese conglomerate M1 buys Myanmar telecom subsidiary

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Al-Araby

Myanmar’s junta has approved the sale of Norwegian telecoms giant Telenor’s Myanmar subsidiary to Lebanese conglomerate M1 Group, both companies said on Friday, in a move activist groups warn could put sensitive customer data in the hands of the military. The Southeast Asian nation has been in chaos since a coup last year sparked huge protests and a bloody military crackdown on dissent, sending its economy into freefall. In July, Telenor announced that it planned to sell its subsidiary Telenor Myanmar and later cited junta demands that it install monitoring equipment on the network as a reason…

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