Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's M-Tel Wraps Up Purchase of 2 Major ISPs
BULGARIA'S M-TEL WRAPS UP PURCHASE OF 2 MAJOR ISPS
Date: 14/01/2011
Source: novinite.com
Bulgaria's M-Tel Wraps Up Purchase of 2 Major ISPs

Bulgaria's first and biggest mobile operator M-Tel has wrapped up the deal for the acquisition of cable operators Megalan Network and Spectrum Net, it said in a statement.

The price of the deal, which was announced in the middle of September, is EUR 83 M.

M-Tel, which is part of Telecom Austria Group, acquired 100% of the two Internet providers. However, both companies will continue to work independently for a period of about 18 months.

With the acquisition of the two cable operators, M-Tel becomes one of the biggest suppliers of broadband services, especially in the big Bulgarian cities.

"The preparations for this step took quite a long time, but I believe that our clients will be happy with the end-product," commented Andreas Mayerhofer, CEO of M-Tel.

M-Tel is planning to launch new services, bundled with the two cable companies. Some of the products will be released on the Bulgarian market by the end of 2010.

Spectrum Net is present in 13 Bulgarian cities and is focused on broadband Internet and voice services for corporate clients and households.

Megalan is a leading provider of home broadband Internet for Sofia. The portfolio of the company includes IPTV services as well.

In 2010, M-Tel celebrated its 15th year on the Bulgarian market and more than 5 million customers.


Topic: Business



Featured District
MONTANA DISTRICT AND CITY INFORMATIONMontana
Invest Bulgaria Charts
Capital and Financial Account of Bulgaria
Capital and Financial Account of Bulgaria

Gross Domestic Product of Bulgaria
Gross Domestic Product of Bulgaria

See all charts
Did You Know?
The First Bulgarian Kingdom
The First Bulgarian Kingdom
At the time of its peak, the First Bulgarian Kingdom, was one of the largest countries in Europe ... More

Shumen is situated in the central part of Northeastern Bulgaria. It is located in the central part of northeast Bulgaria on the main roadways Sofia-Varna and Ruse-Burgas-Istanbul.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2025 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Лимузини под наем Electric and Hybrid Modules Repair SEO оптимизация Bulgaria Translation Bulgarian Agriculture
Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works,. Maintained by Website Maintenance, the kings of Website Migration. Supported by WorldStreet


Our Featured Members