Yett can change owners, the case is pending with the GVH

RockedBuzz
By RockedBuzz 2 Min Read

The GVH acquired the merger notification on November 28, in line with the doc obtainable on the web site of the competitors workplace.

According to a share buy settlement in August, Emirates Telecommunications Group would purchase 50% plus one share in PPF Telecom Group, making Yettel the most important proprietor of the Arab telecommunications firm. The Abu Dhabi-based telecommunications group then signed a binding settlement with PPF Group to amass a controlling stake in the Czech telecommunications firm Bulgarian, Hungarian, Serbian and Slovak pursuits (however not for the Czech exercise), which run below the title PPF Telecom.

PPF Telecom contains the service operations of Yettel Bulgaria, Yettel Hungary, Yettel Serbia and O2 Slovakia, in addition to the infrastructure corporations Cetin and O2 Networks, which presently function individually from the service corporations. The transaction worth of two.15 billion euros might.

The PPF Telecom Group purchased the home Telenor Hungary from the Norwegian Telenor in 2018, which it renamed and rebranded to Yettel final yr – 24.hu reminds.

Cover picture supply: MTI Photo/László Róka

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