---
title: Telenor eyeing US$1B sale of Pakistan business - Developing Telecoms
description: Telenor is pursuing the sale of its Pakistani operations, with invitations the first round of bids likely to be issued this month.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/14198-telenor-eyeing-us-1b-sale-of-pakistan-business.html
language: en-GB
date: 2022-11-10T12:33:15Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/14198-telenor-eyeing-us-1b-sale-of-pakistan-business.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1044
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/14198-telenor-eyeing-us-1b-sale-of-pakistan-business.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Telenor eyeing US$1B sale of Pakistan business

 

 

   Details    James Barton    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     10 November 2022     10209 views   

 

  ![Telenor eyeing US$1B sale of Pakistan business](https://developingtelecoms.com/images/stories/Places/800x600/lahore_Wazir_Khan_Masjid.jpg)  

 

Telenor is pursuing the sale of its Pakistani operations, with invitations the first round of bids likely to be issued this month.

Bloomberg reports that the Norwegian group is working with Citigroup on the sale, which is valued at as much as US$1 billion. Citing anonymous sources, the news site noted that interest is expected from buyers with existing operations in Pakistan – likely companies based in the Middle East and Asia. Bloomberg noted that there is no guarantee a sale will be agreed.

In July this year, Telenor posted a US$244 million loss on the unit, and confirmed that it would carry out a strategic review. In October, Telenor reported that its earnings in Pakistan were down 22% for Q3, attributing this in part to increasing energy costs in the market. However, it noted that the government’s decision to revoke a SIM tax provided a gain that offset this loss.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/developingtelecoms.com\/#james_barton_4d6427c012"
            },
            "dateModified": "2022-11-10T12:33:15Z",
            "datePublished": "2022-11-10T12:33:15Z",
            "description": "Telenor is pursuing the sale of its Pakistani operations, with invitations the first round of bids likely to be issued this month.",
            "headline": "Telenor eyeing US$1B sale of Pakistan business",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Places\/lahore_Wazir_Khan_Masjid.jpg",
                    "caption": "",
                    "description": "Telenor eyeing US$1B sale of Pakistan business",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/developingtelecoms.com\/telecom-business\/operator-news\/14198-telenor-eyeing-us-1b-sale-of-pakistan-business.html"
            },
            "publisher": {
                "@id": "https:\/\/developingtelecoms.com\/#defaultPublisher"
            },
            "url": "https:\/\/developingtelecoms.com\/telecom-business\/operator-news\/14198-telenor-eyeing-us-1b-sale-of-pakistan-business.html"
        },
        {
            "@type": "Person",
            "name": "James Barton",
            "@id": "https:\/\/developingtelecoms.com\/#james_barton_4d6427c012"
        },
        {
            "@id": "https:\/\/developingtelecoms.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/developingtelecoms.com\/",
            "logo": {
                "@id": "https:\/\/developingtelecoms.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/developingtelecoms.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->