Telia Sells Moldovan Mobile Network Operator for $31.5 Million
By Dominic Chopping
STOCKHOLM--Nordic telecommunications operator Telia Company AB
said Friday that its Fintur Holdings subsidiary has agreed to sell
its 100% holding in Moldovan mobile network operator Moldcell for
"I am happy to announce the completion of our journey to exit
Eurasia, allowing us to fully focus on the Nordic and Baltic
markets," said Telia's acting Chief Executive Christian Luiga.
The sale of Moldcell to a unit of Nepalese conglomerate CG Corp
Global isn't subject to any conditions and Telia expects to
complete the sale during the first quarter of 2020.
Moldcell represents approximately 0.7% of Telia's service
revenues and 0.6% of the company's total Ebitda.
Write to Dominic Chopping at firstname.lastname@example.org
(END) Dow Jones Newswires
February 14, 2020 04:44 ET (09:44 GMT)
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