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Telenor to sell Esat stake to BT

OSLO-In a move to gain about $1.1 billion, Telenor plans to sell its stake in Esat Digifone to its owner, British Telecommunications plc. BT acquired Esat last year.

Since Telenor acquired its 40-percent stake in Esat in 1996, it has invested a total of $109 million.

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