Greek telco OTE may abort the planned sale of GloBul, its Bulgarian unit, according to Sofia News Agency citing company officials. GloBul has recently successfully refinanced its debt, and is now able to meet its obligations this year and next. ‘The problem we had for refinancing mostly has been solved,’ said CEO Michael Tsamaz. ‘The process we have for GloBul has not stopped, it continues. However, we have to rethink the situation […] and decide based on the best of the shareholders’ interest.’ The Bulgarian company accounts for approximately 7% of OTE’s revenues and 9% of its EBITDA.
Subscribe
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter
Filter CommsUpdate by the following categories or use the search.
Search
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
Advertise
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors
- Regulators