Sait-Stento To Divest Sait Communications
January 5, 2001
Sait-Stento has signed a Memorandum of Understanding with Telenor Broadband Services, a subsidiary of Telenor with plans to sell all of its shares in Sait Communications to Telenor for approximately $28.2 million. The transaction and consideration is subject to due diligence and board approval from the above-mentioned parties. It is estimated that final negotiations are to be completed by the end of February 2001.
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