OSLO: Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar.
Myanmar’s military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor’s business in the neighbouring country, under a deal to be finalised soon, Reuters reported last Friday.
Some human rights groups have said the handover could put the data of 18 million people within the junta’s reach, with several demonstrations held in Myanmar in recent days calling on Telenor to stop the sale altogether.
DNB Asset Management, Telenor’s fourth-largest investor with a 1.64% stake, said it…
