Telefonica to agree sale of Telefonica Czech Republic to PPF before spectrum auction on 11 November (translated)
Telefonica, the Spanish telco, has essentially agreed the sale of a 69% stake in Telefonica Czech Republic to Czech investment group PPF, Hospodarske Noviny reported, citing undisclosed sources.
The Czech-language item said an agreement should be reached before the launch of the auction of mobile frequencies in the Czech Republic on 11 November. The price for Telefonica Czech Republic should not exceed CZK 75bn (EUR 2.9bn).
Source Hospodarske Noviny