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Sweden's Telia sells its stake in Uzbekistan's Ucell for $215 million

Reuters  |  STOCKHOLM 

STOCKHOLM (Reuters) - Nordic telecoms operator Telia said on Wednesday it had sold its stake in Uzbekistan's Ucell for $215 million on a debt-free basis, as part of its strategy to exit its Eurasian businesses.Telia announced in 2015 that it would retreat from Central Asian markets and instead refocus on growing its core Nordic operations after being hit for years by investigations into alleged corruption linked to local partners and problems accessing cash in distant countries. After this deal, Telia has businesses in Kazakhstan and Moldova left to sell to complete its exit.Telia said it had ...

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First Published: Wed, December 05 2018. 14:54 IST