5/17/22, 10:54 PM More Than 400 Myanmar Civil Groups Say Telenor Sale Breaks OECD Rules Telenor Group has been one of Myanmar’s largest investors since launching its operations in the country in 2014. It reported 18.2 million subscribers in its first quarter financial report for 2021. The company agreed to sell its Myanmar operation to M1 for US$105 million. Swims.no M1 Group is owned by the billionaire Mikati family, who have a history of doing business in authoritarian countries including Syria, Sudan and Yemen, and face unresolved allegations of corruption and terrorist financing. “The complainants do not trust that M1 Group will uphold their human rights responsibilities or do business with integrity,” SOMO said. You may also like these stories: Prisoners Held by Myanmar Junta Dying of COVID-19 Myanmar Junta Officially Annuls NLD’s 2020 Election Win Ex-Myanmar Military Captain Who Nearly Shot Daw Aung San Suu Kyi Dies of COVID-19 Topics: complaint, Coup, guidelines, junta, M1, OECD, regime, sale, SOMO, Telenor The Irrawaddy ... https://www.irrawaddy.com/news/burma/more-than-400-myanmar-civil-groups-say-telenor-sale-breaks-oecd-rules.html 4/4