Bulgarians Brace for Higher Telecom Costs as Operators Raise Prices
Vivacom subscribers have reported receiving messages about upcoming price increases for various services, effective February 8, 2025
Two investors are bidding to buy Bulgarian mobile operator Cosmo Mobile (Globul), according to a report.
It was made clear on Thursday that one of the bidders is Turk Telekom. The Turkish company made the announcement that it had placed binding bids to acquire Cosmo Mobile and electronic appliance retailer Germanos Telecom Bulgaria in a statement to Istanbul stock exchange.
The Bulgarian Capital Daily has now reported that the other bidder is likely one of the following: Telenor, Turkcell or Deutsche Telekom.
The auction is set to take place on Friday 19 April 2013.
Globul accounts for about 7% of OTE's sales and about 9% of earnings before interest, tax, depreciation and amortization (EBITDA).
In Bulgaria, Globul competes with Telekom Austria Mobiltel and Vivacom, recently acquired by Bulgarian banker Tsvetan Vasilev, and Russia's VTB Bank.
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
Domestic sewing companies in Bulgaria are struggling to survive as the influx of low-cost Chinese garments floods the market
Bulgaria Air is expanding its network of international routes for the upcoming summer season
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability