Moldovan telecoms regulator the National Regulatory Agency for Electronic Communications and Information Technology (ANRCETI) has revoked the operating permit held by local cellco Eventis Mobile. The watchdog’s decision was preceded by a temporary suspension of the cellco’s licence due to the insolvency proceedings ongoing against the company; the suspension of the mobile licence was subsequently validated by a court decision, dated 29 June 2013, and is ‘final and irrevocable’.
According to TeleGeography’s GlobalComms Database, a 15-year GSM-900/1800 concession was issued to Eventis in January 2007 at a price of MDL80.7 million (USD6.35 million). Eventis was awarded the concession via a beauty contest process, beating Russian cellco Vimpelcom and Moldovan firm Union-Prim. In March 2010 the Economic Court of Appeals registered Eventis as insolvent, with debts of MDL940 million, and the following month the company entered into bankruptcy. However, Moldovan authorities found a buyer for Eventis at the fourth attempt to sell the bankrupt operator in March 2011; the winning bidder was reported as Victormax-Sistems, a newly created company with no experience in the provision of mobile services. The newcomer won the tender, in which only two companies participated, with a bid of MDL120 million, MDL2 million higher than the initial price of MDL118 million. The change of ownership, however, had little impact on the defunct cellco, which failed to re-launch its operations.