According to a notice, Telenor has signed an agreement to sell the businesses in Central and Eastern Europe to PPF Group for NOK 27b in company value. The transaction includes Telenor's mobile companies in Hungary, Bulgaria, Montenegro and Serbia, as well as service provider Telenor Common Operation. These businesses contributed approximately NOK 11.8b or nine percent of Telenor Group's revenues and NOK 4.1b, or eight percent of the Group's EBITDA in 2017.
