Bulgarian businessman says he’s in talks to take over Telekom Romania

Anca Alexe 18/01/2019 | 08:02

The main shareholder of Bulgarian Telecommunications Company (BTC), Spas Rusev, and the Bulgarian entrepreneur Elvin Guri will buy Telekom Albania, according to capital.bg, who also writes that Rusev intends to buy Telekom Romania.

The Albania transaction will cost EUR 50 million and it is financed by the Albanian branch of First Investment Bank.  It should be finalised in the first quarter of 2019, pending approval from market watchdogs.

Spas Rusev told the Bulgarian outlet that this transaction was only the beginning of his regional expansion: “It is the first phase of my attempt to consolidate the telecommunications market in the Balkans,” he said, adding that he was also in talks with Deutsche Telekom to take over its Romania and Macedonia affiliates.

Rusev also said that he will need an “important and solvent” associate in Romania, considering that the telecommunications companies are very expensive here.

Capital.bg also notes that Deutsche Telekom is trying to let go of non-strategic investments in the region, and that its Romanian and Serbian branches are up for sale.


BR Magazine | Latest Issue

Download PDF or read online: July 2023 Issue | Business Review Magazine

The July 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “At a Crossroads: Budget Deficit Endangering Romania’s Economic
Anca Alexe | 31/07/2023 | 14:14

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu

    I agree with the storage and handling of my data by business-review.eu

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue