Telenor CEO eyes strategic solution for Pakistan business by year-end

OSLO (Reuters) – Norwegian telecoms operator Telenor hopes to decide on a strategic solution for its Pakistan business before year-end, the company’s CEO told Reuters on Wednesday.

“We are in contact with many parties now, which is why I say I’m rather optimistic that we will by the end of the year have a final solution,” CEO Sigve Brekke said.

The three options are a merger similar to what Telenor has already done for other parts of its Asia businesses, a sale, or to continue but in a different operational model, he added.

(Reporting by Victoria Klesty, editing by Terje Solsvik)