Telekom Austria Announces Closing of Spectrum Net Takeover

CompaniesTelecoms ♦ Published: January 28, 2011; 00:44 ♦ (Vindobona)

The acquisition of the second Bulgarian fixed network provider will be completed within the next weeks.

Telekom Austria Announces Closing of Spectrum Net Takeover / Picture: © Telekom Austria Group

Telekom Austria could complete the takeover of the Bulgarian telecommunication company Spectrum Net AD. Telekom Austria stated that the complete takeover of the second Bulgarian fixed network provider, Megalan Network AD, will be determined within the next weeks presumably.

Both companies will operate independently from the holding company Telekom Austria. However, the products…