Telekom Austria: No Expansion in Bulgaria

Business › n.a. ♦ Published: February 17, 2012; 11:55 ♦ (Vindobona)

The Austrian telecommunication group is no longer interested in Vivacom. Problems with competition authorities would have occurred.

Telekom Austria: No Expansion in Bulgaria / Picture: © Telekom Austria Group

Telekom Austria is no longer interested in the sale of Bulgaria's Vivacom, heir to the state-owned Bulgarian Telecommunications Company (BTC), Die Presse reported. Telekom Austria AG, which already owns Mobiltel in Bulgaria, will not submit a binding bid, the newspaper says.

The company did not submit an indicative offer, but just indicated it is holding talks with BTC creditors.…

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