GLOBUL IS THE DEAL OF THE YEAR

Business | December 14, 2001, Friday // 00:00

The investment of the Greek company OTE in the second Bulgarian GSM operator Globul won the competition “Deal of the Year” of the Bulgarian National Television. At the tender in December last year OTE offered USD 135 M for the license of the GSM. Later the company registered Cosmo Bulgaria Mobile and the brand name Globul. Globul is to invest a total of BGN 950 M till 2005 in building the system and improving the services quality. So far Globul subscribers are more than 100,000. According to Radina Ralcheva, Globul spokeswoman, Globul plans include a 35% share of the market.
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