Telefonica announces sale of Czech unit for 2.47 bn euros

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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…

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