Telenor ASA to Acquire Mobile Operator in Bulgaria

Thursday, 25 Apr 2013 08:00pm EDT 

Telenor ASA announced that the Company has signed an agreement with OTE to acquire Bulgarian mobile operator Globul for a total amount of EUR 717 million on a cash and debt free basis. Globul is the second largest mobile operator in Bulgaria with 4.5 million subscribers and a market share of 36%. The transaction also includes Germanos Bulgaria, a telecom retailer in the country operationally integrated with Globul. The transaction is subject to relevant merger control approvals and is expected to be finalised in Q3 2013. 

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