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Provider : Reuters Investment Profile
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Provider : ValuEngine, Inc.

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Telefonica SA To Sell $3.6 Billion Czech Stake-Reuters

Monday, 14 Oct 2013 12:00pm EDT 

Reuters reported that Telefonica SA has started preparing the sale of its $3.6 billion stake in its listed Czech unit, three sector bankers closely following the process but not directly involved said on October 14, 2013. One of the two sources said a private equity fund could snap up Telefonica Czech Republic if PPF does not, adding that while he thought Russian telecoms groups would be interested in the asset. Telefonica currently holds 69.41% of the Czech company, which has a market value of $5.2 billion. 

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