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OTE outbids Telecom Italia for Bulgarian 3G licence
Posted: 18-Dec-2000 [Source: Financial Times]

[Room for growth as approximately 4% of Bulgarians are reported to be mobile phone subscribers.]

by Kerin Hope, Athens -- "OTE, the Greek public telecoms operator, on Sunday won Bulgaria's third mobile phone licence for $135m after outbidding Telecom Italia. The auction was the first of two hotly-contested telecoms deals in the Balkans that are due to conclude this month.

"The high price paid for the 15-year GSM licence reflects OTE's ambitions to extend its network across the region.

"OTE is also a frontrunner to acquire a majority stake in Maktel, the profitable Macedonian state operator, in the region's biggest privatisation sale this year

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