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
ROUSSE DISTRICT AND CITY INFORMATIONRousse
Invest Bulgaria Charts
Consumer Price Index of Bulgaria (annual change)
Consumer Price Index of Bulgaria (annual change)

Foreign Liabilities of Bulgaria
Foreign Liabilities of Bulgaria

See all charts
Did You Know?
Hristo Stoichkov
Hristo Stoichkov
Hristo Stoichkov scored 6 goals in the World Cup of 1994 and led Bulgaria to the semi-finals ... More

Sliven municipality is situated in the south-eastern region of Bulgaria.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 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.


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.


Our Featured Members