Telia divests in Nepal

Partly state-owned TeliaSonera took the first step in its plan to divest its controversial operations in Eurasia by selling its 60% shareholding in Nepal’s Ncell to Malaysia’s telecoms group Axiata.
“The timing is good, it’s a sound valuation and a good buyer,” said Telia chief executive Johan Dennelind, who foresees scope for other potential buyers of Telia’s Eurasian holdings.