By Kyle Morris
Telia Co. AB said Tuesday that it has agreed to sell Telia Latvia to Latvian fixed-network operator Tet for an enterprise value of 10.8 million euros ($12.2 million).
The company said the deal is on a cash and debt-free basis and is expected to close in the second quarter.
Telia owns 49% of Tet.
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(END) Dow Jones Newswires