Telenor Myanmar will be renamed Atom, according to a statement from Telenor Myanmar.

TELENOR MYANMAR LIMITED was renamed ATOM MYANMAR LIMITED on May 30, the statement said.

The change in name of the company will reflect the aftermath of the transfer of ownership and will continue to create greater business opportunities for organizations and individual customers with better telecommunications services, enhancing support into a wider market, Telenor Myanmar said in a statement.

The change of the name will not affect the services, Telenor Myanmar said.

Telenor Myanmar, formerly owned by Norway-based Telenor Group, was sold in March this year to M1 Group in Lebanon for US$ 105 million.

Telenor Myanmar was taken over by M1 Group and its local partner, Shwe Byine Phyu, with 49 per cent owned by Shwe Byine Phyu.