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Telekom Slovenije sells 50% stake in Gibtelecom

2014-11-17 13:13:00| Telecompaper Headlines

(Telecompaper) Telekom Slovenije said it has signed an agreement to sell a 50 percent stake in Gibtelecom to the Gibraltar Government, which owns the remaining 50 percent, for EUR 47.7 million. The sale is part of Telekom Slovenije's plan to exit non-core businesses in order to improve its financial position. The transaction is expected to be completed in December.

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Category:Telecommunications

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