Business
Telenor sells ownership in True Corporation
CEOs of Telenor & Arise Khun Suphachai Chearavanont, owner of Arise & Benedicte Schilbred Fasmer, CEO Telenor Group Fornebu, Norway – January 22, 2026 – After 25 successful years in Thailand, Telenor has agreed to sell its stake in True Corporation for a total value of approximately NOK 39 billion. Telenor Group has signed an agreement with Arise Digital Technology Company Limited, a company owned by Khun Suphachai Chearavanont, to sell 24.95 percent of the shares in True at THB 11.70 per share.
About this update from True Corporation Public Company Limited
[{"type":"image","alt":"Telenor","displaySize":"","headline":null,"caption":"Telenor","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":117,"url":"https://media.zenfs.com/en/globenewswire.com/c3e0a94bfe9f84bcfaeef54a6b48054b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/K2X8t.Cc2GZsxba_dUIpVw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c3e0a94bfe9f84bcfaeef54a6b48054b","width":300,"height":117}},"lazy":false},{"type":"text","content":"CEOs of Telenor & Arise","length":27,"tagName":"p"},{"type":"image","alt":"Khun Suphachai Chearavanont, owner of Arise & Benedicte Schilbred Fasmer, CEO Telenor Group","displaySize":"","headline":null,"caption":"Khun Suphachai Chearavanont, owner of Arise & Benedicte Schilbred Fasmer, CEO Telenor Group","credit":"GlobeNewswire Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":1079,"height":1161,"url":"https://media.zenfs.com/en/globenewswire.com/b9a5896133bbbddf3625b4fb0a5af40b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Sbn.WreF.4oE9faCRWqyVA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTEwMzM7Y2Y9d2VicA--/https://media.zenfs.com/en/globenewswire.com/b9a5896133bbbddf3625b4fb0a5af40b","width":960,"height":1033},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/KBQPhiJ6T2.xrvvTjKldow--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxNTg7aD0yMzIyO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/b9a5896133bbbddf3625b4fb0a5af40b","width":1079,"height":1161}}},{"type":"text","content":"Fornebu, Norway – January 22, 2026 – After 25 successful years in Thailand, Telenor has agreed to sell its stake in True Corporation for a total value of approximately NOK 39 billion. ","length":188,"tagName":"p"},{"type":"text","content":"Telenor Group has signed an agreement with Arise Digital Technology Company Limited, a company owned by Khun Suphachai Chearavanont, to sell 24.95 percent of the shares in True at THB 11.70 per share. In addition, Arise and Telenor have agreed a mutual put/call option for the sale of the remaining 5.35 percent two years after closing of the initial sale at the higher of THB 11.70 per share and the market price prior to the term of the option.","length":446,"tagName":"p"},{"type":"text","content":"“We are pleased to have reached an agreement with Arise about the sale of our stake in True and...