OTE TO INVEST $250 M IN GSM 2

Business | May 10, 2001, Thursday // 00:00

Greece`s OTE Telecom is investing $250 M in the development of its digital cell phone network in BG due to launch operations in mid-July. $80 M of the total amount will be invested this year. OTE won the 15-year licence to become Bulgaria`s second GSM operator for $135 M. `We are starting the network with two suppliers, Motorola and Ericsson, as to maximize the network`s quality`, Nikos Avgerinos, GloBul executive director, said.

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