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PPF Talks with Telefonica SA on Buying Its Czech unit Telefonica Czech Republic as - Reuters


Wednesday, 16 Oct 2013 08:25am EDT 

Reuters reported that Czech investment group PPF is in talks with Telefonica SA on the possibility of buying the Spanish telecoms firm's Czech operations - Telefonica Czech Republic as. PPF said it was not clear at this moment what the talks will result in or whether an agreement can be reached and what would be conditions of such a deal. Telefonica SA, which aims to cut its large debt load, said on Tuesday (October 15, 2013) it was exploring options for Telefonica Czech Republic as, which could include a sale, and that it was in talks with PPF, owned by businessman Petr Kellner.