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Broadband

Magyar Telekom acquires Bulgarian fixed service provider

Tuesday 29 November 2005 | 11:05 CET | News
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Deutsche Telekom's Hungarian subsidiary Magyar Telekom concluded an agreement on the acquisition of 100 percent ownership of Bulgarian alternative ISP and fixed network operator Orbitel. In the coming years Magyar Telekom intends to become the major alternative wireline service provider in several countries of the Southeast European region. Magyar Telekom concluded an agreement on the acquisition of 100 percent stake in Orbitel for EUR 8 million. As part of the agreement, Magyar Telekom also accepted the management's development plan envisaging investments of around EUR 7 million in the

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Categories: Fixed
Companies: ikanos / Magyar Telekom
Countries: Bulgaria
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