TALKS FOR MOBICOM MAY FAIL

Business | May 31, 2001, Thursday // 00:00

The negotiations for the stake of Cable and Wireless in Mobicom by the Bulgarian Telecommunications Company (BTC) might fail, insiders said. Cable and Wireless holds 49% in Mobicom. BTC targets full ownership of Mobicom and setting up the third GSM operator in Bulgaria. Problems arose due to the differences of the assets valuation of Mobicom. Arthur Andersen, conducting the audit on behalf of the state telecom, reported quite a lower price compared with the results of KPMG, working of behalf of Cable and Wireless.

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