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Bulgarian tycoon buys Telekom Albania for €50 mln

5 mins read
8 years ago
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TIRANA, Jan. 17 – Greek-German-owned Telekom Albania has been sold to a Bulgarian investor who controls Bulgaria’s largest telecoms operator, putting an end to months of negotiations over the sale of Albania’s second largest mobile operator. Greece-based OTE Group, where Germany’s Deutsche Telekom holds a 45 percent stake, says it has agreed to sell its Albania operations for €50 million to Albania Telecom Invest AD, a joint venture led by Bulgarian businessman Spas Roussev, where Albanian-Bulgarian businessman Elvin Guri also has a minority stake. Spas Roussev is the main shareholder in Bulgaria’s leading telecoms operator Vivacom, purchased in August 2016…

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