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Telenor and Thailand’s True Corp launching a $200 million venture capital fund.

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Telenor ASA (OTC: TELNY) of Norway announced on Monday that it would form a $200 million venture capital fund with Thailand’s True Corporation Pcl.

“We will set up a venture capital fund together with partners in the range of $100 to $200 million,”  In a virtual news conference, Telenor Chief Executive Sigve Brekke discussed the company’s merger with Total Access Communication Pcl and Thailand’s True Corp.

Story by : Norvisi Mawunyegah