2 Investors Vie for Bulgaria's Globul
- Tweet
Send to Kindle
File photo
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.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria's External Debt Jumped to 45.1 Billion Euros
- » Due to Imports from Ukraine: 50% of Bulgarian Honey remains Unrealized
- » Bulgarian Grain Producers continue their Protest against the Import of Grain from Ukraine
- » "Bulgargaz" offers Gas with another 3% down
- » Bulgarian Grain Producers begin three days of Protest Action
- » Bulgaria, Greece and Italy bought Gas from Azerbaijan for 1.6 Billion Euros in January
