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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.


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