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Epic Buys $1.3B Ukrtelecom Stake

Austrian investment house, Epic, will acquire a 93% stake in Ukraine’s state telephone company.

Austrian investment house, Epic, will acquire a 93% stake in Ukraine’s state telephone company, Financial Times reports. The company will pay $1.3 billion to Ukrtelecom for the acquisition.

Vienna-based Epic plans to complete the transaction by March. European telecom groups, including Deutsche Telekom and Norway’s Telenor,had previously shown interest in Ukrtelecom.

Click here for the story from Financial Times.

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