Eltel completes the divestment of its business operations in Estonia
Eltel’s sale of its business operations in Estonia to Estonian Tecnolines OÜ, announced on 30 August 2017, has now been approved by the Estonian Competition Authorities and the transaction has consequently been completed.The final transaction price amounts to roughly EUR 3 million with cash flow impact estimated at approximately EUR 2.5 million in the fourth quarter of 2017. This is, however, subject to additional expected payments based on changes in working capital. The transaction will have a negative impact of approximately EUR 1 million on Group EBITA and Eltel will record goodwill