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General

OTE agrees to sell Telekom Albania for EUR 50 mln to Albania Telecom Invest

Wednesday 16 January 2019 | 15:52 CET | News
OTE entered into an agreement to sell its entire stake in Telekom Albania to the Bulgarian company Albania Telecom Invest AD for EUR 50 million. Albania Telecom Invest AD is controlled by Spas Roussev, the controlling shareholder of the Bulgarian incumbent telecom operator Vivacom, and by Elvin Guri, an Albania-Bulgarian investor. The transaction is subject to customary closing conditions, including the approval by the competent local authorities and financing, and is expected to be completed within the first half.

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Categories: General
Companies: OTE / Telekom Albania / Vivacom
Countries: Albania / Bulgaria / Greece
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