You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Turk Telekom files binding bid for Greece's OTE Bulgarian unit Globul

Author Yurkie Ali
Turk Telekom files binding bid for Greece's OTE Bulgarian unit Globul

ANKARA (Turkey), April 18 (SeeNews) - Turkish telecom company Turk Telekom [BIST:TTKOM] said on Thursday it has submitted a binding offer to acquire Bulgarian wireless operator Globul, a unit of Greece's Hellenic Telecommunications Organisation (OTE).

The move is part of Turk Telekom's strategy for regional expansion, the company said in a filing to Borsa Istanbul.

Turk Telekom has also filed a binding bid for OTE's retail chain Germanos Telecom Bulgaria.

Globul is the trademark of Cosmo Bulgaria Mobile, wholly-owned by OTE unit Cosmote.

Compare