Telenor to sell its 51% stake in Wave Money to Yoma Strategic for US$76.5M

Singapore Exchange-listed Yoma Strategic Holdings announced today that its wholly-owned subsidiary, Yoma Strategic Investments, has agreed to purchase all of Telenor’s equity stake in Vietnamese Digital Money Myanmar, which owns and operates mobile financial services platform Wave Money. The stake comprises 510,000 ordinary shares and 17,878,050 redeemable preference shares. This comes just over a month after […] The post Telenor to sell its 51% stake in Wave Money to Yoma Strategic for US$76.5M appeared first on e27.