 The success of Grammeenphone lead to an increased focus on Asia, with successful entries into Malaysia, Thailand Pakistan, and Myanmar.Telenor also entered India, but had to withdraw from that market in 2017 with substantial losses.In March 2018, Telenor sold its business in Southeast Europe (Bulgaria, Hungary, Montenegro and Serbia) to the PPF Group, for a sum of 2.8 billion euros in order to focus more on Asia and the Nordic market.