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Telefonica SA Sells Irish Subsidiary O2 To Hutchison Whampoa Ltd's 3 Ireland-Reuters

Monday, 24 Jun 2013 02:13am EDT 

Reuters reported that Telefonica SA has agreed to sell its Irish unit O2 for EUR 780 million (USD 1 billion) to Hutchison Whampoa Ltd’s subsidiary 3 Ireland. The deal, which is subject to regulatory approval, includes an additional deferred payment of EUR 70 million after the achievement of agreed financial targets. 

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