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Czech PPF buys up Telenor mobile assets in four countries

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The Czech-based investment group PPF has announced a deal with the Norwegian telecoms group Telenor to buy up their activities in four Central European countries. PPF, owned by the Czech Republic’s richest man, Petr Kellner, will pay around CZK 71 billion, for the mobile phone assets in Hungary, Bulgaria, Montenegro, and Serbia.

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