Baku 17° C
Telia sells its Azercell stake for 222 mln EUR
Business
- 05 March, 2018
- 12:48
Add Report.az to preferred Google sources
Stay up to date with the top news!
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.
Author
Latest News
09:09
Key indicators of world commodity, stock, and currency markets (06.10.2026)
Finance09:01
New York Times to close soon, great day for America - Trump
Other countries08:51
Boeing receives Lockheed PAC-3 MSE contract worth up to $14.7 billion
Other countries08:32
CENTCOM: 13 vessels destroyed since US naval blockade against Iran
Other countries08:21
Ukrainian MP expelled from party after calling for compromise talks with Russia
Other countries08:09
Azerbaijan, Russia discuss development of North-South Corridor
Foreign policy07:57
UEFA Nations League: France defeats Belgium, Italy beats Türkiye
Football07:45
Turkish FM: Work on institutionalizing Mecca Defense Pact nears completion
Region07:30