Telenor's recent announcement to sell its stake in True Corporation for $3.9 billion raises significant questions about the future of Thailand's telecom industry.

The deal, which involves a transfer of nearly a quarter share of True to Arise Digital Technology, has triggered market reactions and stock fluctuations.

Telenor has enjoyed substantial returns from its investment and is now looking to refocus its operations closer to home, a move that epitomizes the shifting dynamics of global telecom investments.

This event underscores not only the growing prominence of Thai companies in the global digital economy but also highlights the challenges foreign investors face in a rapidly changing environment.

The question lingering in the air is: what does this mean for the stability and growth of Thailand's digital market as local and foreign players adapt to new realities?