STOCKHOLM, Aug 5 (Reuters) – Mobile operator Veon (VON.AS) has sold its 45.57% stake in Omnium Telecom Algerie SpA to the Algerian National Investment Fund for $682 million, it said on Friday, saying regulations in the country did not fit its strategic plan.
Veon, which owns telecom operators in Ukraine and Russia, said the sale increased the group’s liquidity to $3.1 billion.
Omnium owns Algeria’s second biggest mobile operator, Djezzy.
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