Norway government will abandon right to cut Telenor stake

FILE PHOTO: Telenor's logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica - Copyright MARKO DJURICA(Reuters)

By Reuters

Published on 22/11/2019 - 12:04•Updated 26/04/2024 - 09:19

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OSLO (Reuters) - Norway's centre-right government will give up its right to sell a 20% stake in telecoms operator Telenor <TEL.OL>, it said in a statement on Friday.

Parliament authorised a plan in 2015 to allow the government to reduce its ownership in the group to 34% from the current 54%, but no action was taken to proceed with a sale.