Deals
O2 Czech Owner PPF Said to Consider Sale of Phone Carrier Stake
- PPF said to weigh selling entire or minority holding
- Kellner’s firm may also seek investor for infrastructure unit
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Billionaire Petr Kellner’s investment company PPF Group NV is exploring options for a sale of a stake in its telecommunications company O2 Czech Republic AS, according to people familiar with the matter.
PPF is weighing alternatives including the sale of a minority stake or its entire holding, said the people, asking not to be named because the details are private. No final decisions have been made and PPF may decide against a transaction if it can’t get the right price, they said. PPF owned about 84 percent of the former phone monopoly as of the end of last year.