About: http://data.cimple.eu/news-article/affed61e04c4af5910c2d9944ee6b0f97945d1fa76c13218596f4d59

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About: http://data.cimple.eu/news-article/affed61e04c4af5910c2d9944ee6b0f97945d1fa76c13218596f4d59 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Norwegian telecoms group Telenor said Tuesday it was pushed deep into loss in the first quarter after it was forced to write down all of its assets in Myanmar, where it is a major operator, as a result of the unstable situation there since the military coup on February 1. Telenor said in a statement that it booked net loss of 3.9 billion kroner ($470 million, 390 million euros) in the period from January to March, compared with bottom-line profit of 698 million kroner in the same period a year earlier. The loss was largely due to a writedown of 6.5 billion Norwegian kroner on its assets in Myanmar, where Telenor has had a commercial presence since 2014 and employs a workforce of around 750, the group said. "Due to the worsening of (the) economic and business environment outlook and a deteriorating security and human rights situation, we see limited prospects of improvement going forward," said chief executive Sigve Brekke. He described the situation in the country as "deeply concerning". "Prolonged mobile internet restrictions have severely impacted the people of Myanmar and the country's economy," Brekke said. "Telenor calls on the authorities to immediately reinstate unimpeded communications and respect the right to freedom of expression and human rights." The Myanmar army ousted civilian leader Aung San Suu Kyi in a coup on February 1, citing fraud in the parliamentary elections that her party won by a wide margin in November, prompting protests. Internet connections remain severely disrupted to prevent protesters from organising. Many international companies present in the country have been impacted by the unrest, with several groups temporarily suspending operations. phy/jll/po/spm
schema:headline	Myanmar unrest pushes Telenor deep into Q1 loss
schema:mentions	Tatmadaw Freedom of speech Kyi, Shchek and Khoryv Norwegian krone Internet Norway Myanmar Brekke Sigve Brekke Write-off Physical layer Telenor Human rights in Myanmar JLL (company) Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	85 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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