ATHENS, April 26 (Reuters) - Greek telecoms firm said on Friday it agreed to sell its Bulgarian unit Globul to Norway’s Telenor for a total 717 million euros ($934 million) to reduce its debt.
Globul is Bulgaria’s second-biggest mobile telephony operator. The purchase price will be adjusted depending on Globul’s net debt and changes in working capital on the day the transaction is completed, OTE said in a bourse filing.
$1 = 0.7676 euros Reporting by Harry Papachristou. Editing by Jane Merriman