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Telenor CEO says no plans to sell units in central, eastern Europe
June 13, 2017 / 10:08 AM / 6 months ago

Telenor CEO says no plans to sell units in central, eastern Europe

OSLO (Reuters) - Telenor (TEL.OL) has no plans to sell any of the companies it owns in central and eastern Europe, the company’s chief executive told Reuters on Tuesday.

Sigve Brekke, President and CEO of Telenor, delivers a keynote speech during the Mobile World Congress in Barcelona, Spain February 23, 2016. REUTERS/Albert Gea/File Photo

Media reports had suggested Telenor could sell its Serbian unit to private equity firm KKR (KKR.N).

    “We’re very happy with our portfolio in central and eastern Europe ... we have no plans to make any changes to that at this time,” Sigve Brekke said on the sidelines of a conference.

    In addition to its Nordic and Asian mobile phone companies, Telenor also has operations in Hungary, Serbia, Montenegro and Bulgaria.

    Reporting by Joachim Dagenborg, editing by Terje Solsvik

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