March 21, 2018 / 7:34 AM / a month ago

Norway's Telenor in 2.8 bln eur asset sale to Czech investor PPF

OSLO, March 21 (Reuters) - Norwegian telecoms firm Telenor has agreed to sell its businesses in central and eastern Europe to privately held Czech investment group PPF for 2.8 billion euros ($3.44 billion), it said on Wednesday.

“The transaction includes Telenor’s wholly-owned mobile operations in Hungary, Bulgaria, Montenegro and Serbia and the technology service provider Telenor Common Operation,” the Norwegian company said in a statement.

Telenor plans to pay a special dividend of 4.40 crowns per share, the company added. ($1 = 0.8149 euros) (Reporting by Terje Solsvik, editing by Louise Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below