Telenor pulls out of Central and Eastern Europe

Norwegian telecoms group Telenor has called it a day in Central and Eastern Europe by selling out to private equity firm PPF Group for €2.8 billion.
The transaction includes Telenor’s wholly-owned mobile operations in Hungary, Bulgaria, Montenegro and Serbia and the technology service provider Telenor Common Operation. The stuff its flogging contributed 9% of Telenor Group revenues and 8% of EBITDA. It employs 3,500 people and has nine million customers.
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