Norwegian telecommunications giant, which has a wide range of operations in Myanmar, has announced that it will sell its mobile telecommunications business in Myanmar.
The continued turmoil after the coup seems to be due to the military's tightening of communications restrictions and surveillance.
Norway-based Telenor announced on August 8 that it will sell its entire mobile communications business in Myanmar to a Lebanese investment firm for $ 105 million (approximately JPY 11.5 billion in Japanese yen).
Telenor started its business in Myanmar in 2014, and as of the end of March, it had about 18 million users, the second largest number of mobile operators in Myanmar.
"In recent months, Myanmar has become more difficult over regulatory and compliance issues, as well as people's safety," Telenor said in a statement.
Reuters reported that Myanmar authorities have instructed telecommunications companies to install a telecommunications interception system and have banned executives from leaving the country without permission, according to telecommunications business officials.
Telenor appears to have decided to withdraw as the post-coup turmoil continues and the military tightens restrictions and surveillance on the Internet and mobile communications.