Norwegian operator group Telenor has agreed to acquire Bulgarian mobile operator Globul from Greek operator group OTE. Telenor will pay €717m for the business as it looks to expand its presence in Central and Eastern Europe.
Telekom Austria, which last month paid out more than €1bn in the Austrian LTE spectrum auction, has reported a drop in third quarter profit of almost 50 per cent. Net income for the period was €52.13m, down 48.3 per cent year on year from €99.2m, while revenue declined 5.3 per cent to €1.04bn.
Pan-European operater group Telenor is making another move into Eastern Europe, this time buying Bulgaria’s Globul. The move makes sense for several reasons, but success won’t come easy in a country with high mobile penetration and a sluggish economy.
Bulgarian communications regulator the CRC has issued a tender for a fourth 3G licensee in the country. Prospective bidders will be allowed to submit applications for the UMTS licence until November 14, with the award due to take place December 7. The licence will be valid for 15 years and will consist of 2 х 15MHz blocks of FDD spectrum in the 2GHz band.
Bulgarian telco Vivacom has confirmed that it is planning to invest €600mn in rolling out a Fibre-to-the-Building (FTTB) network which will cover 1mn households by 2014
Telekom Austria is to acquire 100 per cent stakes in the Bulgarian cable operators Megalan Network AD and Spectrum Net AD through its Bulgarian subsidiary M-Tel. Telekom Austria will pay €83m for the stakes.
Max Telecom aims to overturn the status quo in the Bulgarian telecoms market with WiMAX-enabled triple play services. In less than six months its aggressive rollout schedule and eye-catching service bundles have begun to rock the boat.