PPF Group winds up Telenor assets acquisition
The Czech PPF Group announced on Tuesday that it has completed its acquisition of Norwegian telecom Telenorʼs assets in Central and Eastern Europe (CEE) after receiving all the necessary regulatory approval, Hungarian news agency MTI reported.
The transaction includes Telenorʼs wholly-owned mobile operations in Hungary, Bulgaria, Montenegro and Serbia and the technology service provider Telenor Common Operation.
The EUR 2.8 billion acquisition was announced in March. PPF Group is financing the deal from a syndicated loan.
PPF Group is a private investment group in CEE with approximately EUR 38 bln of assets under its control. It invests in various sectors, including banking, consumer finance, real estate and telecommunications.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.