Sweden’s Telia Sells Of Stake In Roshan To Exit Afghanistan

Telia has divested its 12.25% stake in telecommunication operator, Roshan, and exited from Afghanistan after striking a deal with the Aga Khan Fund for Economic Development.

In a statement, the Swedish group revealed that they had struck the deal with the financial institution.

The Aga Khan Fund is a majority stakeholder in Roshan. The terms of the agreement were not revealed.

Telia had first said in 2016 that it was planning to sell its stake in Roshan, but had to wait to find the right buyer.

This move was part of a strategic shift that Telia first announced in 2015 to exit from the Eurasia region and focus on its core assets in the Nordic and Baltic region.

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Latest from Newsfeed; Tuesday, August 4 2020