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Telenor mulls Pakistan exit with bank stake sale

Telenor is reportedly exploring a sale of its digital bank in Pakistan, marking a full exit from the country following the sale of its mobile unit which was completed in December 2025.

Bloomberg reported Telenor is working on offloading its 55% equity stake in Easypaisa Bank, which was formerly known as Telenor Microfinance Bank. According to sources, a sale could be worth “several hundred million dollars”.

Over the next month, Telenor will apparently invite initial offers from prospective bidders, although no final decision has been made on the fate of the stake.

The rest of Easypaisa is owned by Ant Group, and the mobile money service is popular for cash transfers in the nation.

In line with a strategy to dispose of businesses in Asia, Telenor sold its telecoms unit in the country for around $490 million to Pakistan Telecommunications Company.  

Selling its stake in the banking business would therefore end the Norwegian operator’s two decade long presence in the country.

In a comment cited by Bloomberg, analyst at DNB Carnegie Christoffer Wang Bjornsen said the move would be “well received by the financial community to see Telenor simplifying its Asian portfolio”.

The post Telenor mulls Pakistan exit with bank stake sale appeared first on Mobile World Live.

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Amazon to pump €10B into European robotics

Amazon committed to invest more than €10 billion on upgrading its facilities in Europe with next-generation robotics, part of a wider push to modernise and expand its operations network in the continent.

Announced at the company’s Delivering the Future event in London, the technology giant stated it plans to create more jobs across the region, while using robotics to expand ultra-fast delivery options to more international cities and invest in employee upskilling.

Its pledge reflects a broader push to use AI and robotics to support its workforce, taking aim at “repetitive and physically demanding tasks”, freeing up employees to focus on higher skilled roles while customers get better service.

As part of its next-generation robotics development, Amazon introduced Proteus, an upgraded autonomous robot that is able to move items across different sites. Through AI advances, employees can apparently direct Proteus with plain, conversational text-based prompts without the need for technical commands or programming interfaces.

According to Amazon, once an employee instructs Proteus on what needs to be done, the robot figures out the priority, route and timing.

Proteus is designed to take on physically demanding tasks, move heavy carts and cover long distances. It is currently being piloted in Amazon labs, with deployment planned for the first half of 2027.

Through its €10 billion commitment, Amazon added it will expand Vulcan, its first robot with a sense of touch and STARK, a new robotics system that works alongside employees. STARK will be deployed across 15 sites in Europe by 2027.

This week, Nvidia CEO Jensen Huang also talked up the robotics opportunity within industry, as he unveiled work on a new model for academics using hardware from Unitree and Sharpa.

The post Amazon to pump €10B into European robotics appeared first on Mobile World Live.

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