Bulgaria's Cellphone Operator Globul Launches Fixed-line Service

Bulgarian cellphone operator Globul, owned by Greece's Cosmote, said on Friday it would branch out into the fixed-line segment of the market. The integrated mobile and fixed-line solution, called Office Zone, is offered ... More

Alfa to invest more in Turkey, Turkcell shares likely to climb

Altimo, a subsidiary of Russian Alfa Group doing business in the telecommunication sector, is considering expansion of its investments in Turkey -- the company currently has a 13.2 percent share in Turkey’s leading GSM ... More

Croatia reaches 100% mobile telephony penetration level

During the second quarter, Croatia became the latest country in Europe to pass the 100% mobile telephony penetration level. Some 90.000 new customers connected during the period, to take the total in the market to 4.55mn. This ... More

Cosmote on lookout for possible acquisition targets

Cosmote CEO stated that the company is on the lookout for potential acquisition targets outside Greece but at the present time it does not plan any acquisitions. The CEO also said that Cosmote will soon introduce new retail ... More

VIP might lose its licence, says Ministry

The third mobile carrier in FYROM, the VIP network, part of Mobilkom, Austria, has to start operating this month. The main motive of the Government so as to make a tender for a third carrier, were increasing competition and thus ... More

EUR 63.6 mln revenue for Cosmote in H1

Cosmote Romania registered in the first semester of the year EUR 63.6 million incomes, 354 percent increase compared to EUR 14 million registered in the similar period of the previous year. EBITDA profits rose to EUR -18.6 ... More

Sawiris considers selling 20-30% of Wind to Blackstone

Egyptian businessman Naguib Sawiris is considering selling a 20-30 pct stake in Italian telecoms group Wind Telecomunicazioni to US private equity company Blackstone for 1.5-2.0 bln eur, Saturday's Il Sole 24 Ore reported. ... More

BTC's new owner said it would launch a tender offer for the remaining BTC shares.

In May, AIG agreed to buy the majority 65% in BTC from Viva Ventures for EUR 1.08 B, as well as another 25% from investment vehicle Novator, controlled by Icelandic mogul Thor Bjorgolfsson, which had earlier an option on Viva ... More

AIG acquires 90% of Bulgarian telco BTC

An investment arm of U.S. insurance giant AIG has completed the planned acquisition of 90% of Bulgaria's dominant telecoms company BTC, AIG was quoted as saying Friday by news agency Reuters. Icelandic tycoon Thor ... More

Cosmote covers 42 stations of the Bucharest Metro network

Cosmote Romania has secured quality coverage across all 42 stations of the Bucharest metro network in less than a year. The metro network is based on innovative design techniques that allow capacity upgrades with minimum ... More

EU Extends Deadline for Bulgaria's BTC Sale Inquiry

The European Commission extended on Monday the deadline for the inquiry into the sale of Bulgarian fixed-line telecom BTC by two weeks to July 31, AFX reported. The European competition watchdog as a rule extend deadlines ... More

Bulgarian regulator to issue WiMax permit to telco Carrier BG

Local telecom start-up Carrier BG has won a lengthy legal battle with the Bulgarian telecom regulator over the award of a WiMax network permit. The Communications Regulation Commission (CRC) said it has invited Carrier BG ... More

"Telekom Srbije" introduces wireless landline telephony in Montenegro

New Montenegrin mobile operator M:tel, property of "Telekom Srbije" and Dutch Ogalar, announced that it would soon start to introduce wireless landline telephony in Montenegro. This week, M:tel started with work in Montenegro ... More

OTE sale puts 1.1 bln euro in state coffers

The Greek state yesterday raised around 1.1 billion euros from the sale of a 10.7% equity stake in Hellenic Telecommunications Organisation (OTE) to institutional investors, Economy and Finance minister George Alogoskoufis told ... More

AIG to borrow 1.6 bln euro to fund BTC acquisition

American International Group Inc. plans to borrow 1.64 bln euro to fund its acquisition of Bulgarian Telecommunications Co., the country's largest fixed-line operator, news agency Bloomberg reported on June 28. The New ... More

Zapp to offer mobile Internet service in 100 taxis

Telemobil, operating the mobile telephony network Zapp, launched Internet services in 100 taxi cars that assure the connection with the international airport Henri Coanda from Otopeni, announced yesterday the operator. “Our ... More

AlbTelecom sale to Calik is finalized

Albania's government has sold 76 percent of its landline monopoly to a joint company of Turkey 's Calik Group and landline operator Turk Telekom for 120 million euros ($161 million), Economy Ministry spokeswoman Iva Tico said on ... More

Kosovo Telecom CEO to remain for another 6 months

The Post and telecom of Kosovo (PTK) Board has discussed and acceped the resignation of PTK Managing Director, Etrur Rrustemaj. However, Rrustemaj was asked to stay in his current position for another six months. Rrustemaj ... More

Bulgarian Posts to be Privatized in 2 Years - Official

The Bulgarian Posts Company must be privatized until 2009, the head of the State Agency for Information Technology and Communication (SAITC) said for the Trud daily newspaper on Wednesday. The company must be privatized ... More

EU inquiry deadline for AIG Global Investment BTC buy Jul 17

The European Commission said the deadline for its inquiry into U.S. fund manager AIG Global Investment Group's proposed 1.08 bln euro acquisition of a 65% stake in the Bulgarian Telecommunications Co (BTC), Bulgaria's dominant ... More