Hungarian telco Magyar Telekom has bought 100% of Bulgarian alternative fixed line and internet service provider Orbitel for EUR8 million. As part of the deal, Magyar has agreed to a development plan involving investment of around EUR7 million in Orbitel’s network in the next few years. Orbitel offers IP-based voice and data services mainly focused on the business sector. In 2004 the company generated EUR9.3 million in revenues and EUR1.1 million in EBITDA; it employs 133 staff. Magyar Telekom is majority owned by Germany’s Deutsche Telekom.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors