INSUBCONTINENT EXCLUSIVE:
KATHMANDU: Fintur Holdings BV (Fintur), wholly-owned by Telia Company, has agreed to sell its 100 per cent holding in Moldcell to CG Cell
Technologies DAC, for $31.5 million.
&I&m happy to announce the completion of our journey to exit Eurasia allowing us to fully focus on the
Nordic and Baltic markets,& a media release has quoted Christian Luiga, acting president and CEO of Telia Company, as saying
CG Cell Technologies is wholly-owned by CG Corp Global.
Prior to signing the pact, Telia Company completed strict compliance and purchaser
due diligence, also including use of external expertise, the release states
Moldcell which represents approximately 0.7 per cent of Telia Company service revenues and 0.6 per cent of the company total earnings before
interest, taxes, depreciation, and amortisation (EBIT- DA) is Moldova second largest telecom operator and has approximately 900,000
The transaction is not subject to any conditions to close, and Telia expects to complete the divestment during first quarter of 2020, the
release states.
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