Telenor might sell its Easypaisa stake
MG News | June 05, 2026 at 04:18 PM GMT+05:00
June 05, 2026
(MLN): Telenor is weighing a sale of its stake in Easypaisa, the Pakistani
digital bank, and has brought in Citigroup to assist with the process.
The Norwegian
telecom group is seeking a buyer for the holding, which could fetch several
hundred million dollars, as per sources, according to Bloomberg.
Initial bids
from prospective buyers are expected to be solicited within the coming months,
though no final decisions have been taken.
Ant Group holds
the remaining stake in Easypaisa, which has established itself as one of
Pakistan's most recognized platforms for digital cash transfers. Telenor,
Citigroup and Ant Group did not offer comment.
The potential
divestment comes after Telenor already exited Pakistan's mobile
telecommunications market through a deal worth around $490 million.
A sale of the
Easypaisa stake would mark a full withdrawal from the country for the company,
which has operated in Pakistan for roughly two decades joining a growing list
of multinationals such as Procter & Gamble and Shell that have wound down
local operations in recent years.
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