Edoardo Cignoli : Telefónica Sells Stake in Czech Unit for $3.3 Billion

Telefónica has agreed to sell most of its stake in its Czech subsidiary to Czech investment group PPF for $3.33 billion, a deal that should help the Spanish telecom giant cut debt and refocus on key markets such as Germany and Brazil.



via WSJ.com: US Business http://online.wsj.com/article/SB10001424052702304391204579179150630503232.html?mod=pls_whats_news_us_business_f