- Telefonica (TEF) could finalize the sale today of its 69% stake in its Czech telecom unit to Dutch financial holding company PPF Group in a deal valued at around €2.5B. An announcement could then come this week.
- The transaction is part of Telefonica's sale of none-core assets as it looks to raise capital to pay off its massive debt.
Telefonica set to sell majority stake in Czech unit in €2.5B deal
Nov 4 2013, 02:21 ET