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Telia sells its Azercell stake for 222 mln EUR
Business
- 05 March, 2018
- 12:48
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Baku. 5 March. REPORT.AZ/ The Swedish telecommunications company Telia has sold its 51.3% stake in mobile communication operator Azercell Telecom.
Report informs citing the Reuters, the share sold at 222 million EUR ($ 273.5 million) to AzInTelecom LLC under the Ministry of Transport, Communication and High Technologies of Azerbaijan.
Telia has since exited four of seven countries in its so-called Eurasian unit: Nepal, Tajikistan, Georgia and now Azerbaijan.
It still has operations in Uzbekistan, Kazakhstan and Moldova.
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