The sale of its stake in the Algerian business increased the group's liquidity to $3.1bln: Veon
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STOCKHOLM - Mobile operator Veon has sold its 45.57% stake in Omnium Telecom Algerie SpA to the Algerian National Investment Fund for $682 million, it said on Friday.
The company, which owns telecom operators in both Ukraine and Russia, said the sale of its stake in the Algerian business increased the group's liquidity to $3.1 billion.
(Reporting by Supantha Mukherjee in Stockholm Editing by David Goodman)
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