Telenor in talks to sell operators in Bulgaria, Serbia, Montenegro - report

News Wireless Eastern Europe 22 JAN 2018
Telenor in talks to sell operators in Bulgaria, Serbia, Montenegro - report
Norwegian telecom Telenor is negotiating with a US fund to sell its businesses in Bulgaria, Serbia and Montenegro for a price of EUR 2 billion, according to local news agency Novinite citing a report from Mergermarket. Bulgarian paper Capital confirmed from a single source that the prospective buyer has been selected as exclusive in December. A possible deal could also include Telenor's Hungarian assets.

Telenor bought its Bulgarian division three and a half years ago for EUR 717 million. Telenor Bulgaria, former Globul, had 3.23 million subscribers at the end of Q3, that's 9 percent less than a year earlier mainly due to the decrease in the number of prepaid customers. However, its ARPU grew 6 percent to BGN 14 per month.

Categories:

Mobile

Companies:

GloBul,  Telenor Bulgaria

Regions:

Eastern Europe

Countries:

Bulgaria,  Hungary,  Montenegro,  Norway,  Serbia

Tags:

M&A buyouts & divestments

Related Articles

SERBIA 23 FEB 2018

Telenor Serbia launches new home 4G internet offer

Telenor Serbia has launched "Telenor Home", a residential internet service in two packages "Telenor Home 100" and "Telenor Home 150", with 100 GB or 150 GB of 4G internet available monthly, reports Beta. According to the head of the postpaid sector for individual users at Telenor, Slobodan Papak, the home 4G internet service can be ported to different locations and is available to more than 90 percent of the population.

BULGARIA 31 JAN 2018

Telenor Bulgaria revenues decrease by 1% in Q4 2017

Telenor Bulgaria saw its total revenues decrease by 1 percent in Q4 2017 to NOK 871 million as lower mobile subscription and traffic revenues were partly offset by increased handset revenues. Mobile subscription and traffic revenues also decreased as higher ARPU did not compensate for the lower number of subscribers, especially within prepaid. ARPU grew to NOK 69 from NOK 62 a year ago.

HUNGARY 26 JAN 2018

Telenor confirms talks to sell CEE mobile business

Telenor has confirmed reports that it's in talks to sell its mobile operations in Central and Eastern Europe. The Norwegian operator said in a statement that it has received "inbound and unsolicited interest" for the assets, which include mobile operators in Hungary, Bulgaria, Montenegro and Serbia. 

BULGARIA 26 JAN 2018

Five Bulgarian TV, internet providers to create MVNO by end-2018

Five Bulgarian regional TV and internet providers, Net 1, Neterra, SKAT, Telekabel and Telecom, plan to launch the first MVNO in Bulgaria by the end of 2018, writes local news agency Novinite. The companies are already negotiating with the three MNOs in Bulgaria to gain access to a mobile network. 

Just In

20 DEC 15:08

Dialog Axiata to offer Starlink satellite service across Sri Lanka

20 DEC 14:51

Sri Lanka raises LKR 10 billion in 5G spectrum auction

20 DEC 14:00

Vi introduces Niyo Zero Forex Markup Card for travelers

20 DEC 13:39

True reshuffles executive team

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.