Home Economics Telefonica announces sale of Czech unit for 2.47 bn euros

Telefonica announces sale of Czech unit for 2.47 bn euros

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

Telefonica announces sale of Czech unit for 2.47 bn euros (via AFP)

Heavily indebted Spanish telecoms firm Telefonica said Tuesday it had agreed to sell a 65.9-percent stake in its Czech unit to Czech financial group PPF for 2.47 billion euros ($3.3 billion). Telefonica will retain a minority 4.9 percent share in Telefonica…



 

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

AFP
Editor

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.