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UPDATE 1-Deutsche Telekom buys full control of Slovak business

2015-05-20 06:37:46| Telecom - Topix.net

Deutsche Telekom agreed on Tuesday to buy a 49 percent stake in fixed and mobile operator Slovak Telekom from the Slovak government for 900 million euros , taking full control of the country's former fixed-line monopoly. The Slovak government this month scrapped an initial public offering of the state's shares worth 750 million euros after getting a better offer from Deutsche Telekom, the company's 51 percent owner.

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