BREAKING NEWS
This content is not available in your region

Norway government will abandon right to cut Telenor stake

Access to the comments Comments
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)
Text size Aa Aa

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.

(Reporting by Terje Solsvik; Editing by Edmund Blair)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.