AT&T Sells Central European Media Enterprises For $1.1 Billion To Czech Investment Firm To Pay Down Debt
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AT&T has agreed to sell its majority stake of Central European Media Enterprises (CME) for $1.1 billion to the Czech investment firm PPF Group N.V. The company has broadcast operations in Bulgaria, the Czech Republic, Romania, Slovakia and Slovenia. AT&T purchased stake in CME when it acquired Time Warner, which is now known as WarnerMedia. [

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