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.
According to a recent survey by the European Investment Bank Group (EIB), nearly 80% of Bulgarian companies have taken steps to reduce their greenhouse gas emissions
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
The Black Sea region in Bulgaria is facing a serious labor shortage ahead of the summer season
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability