Bulgaria's Globul reports 20.9% revenues drop

Bulgarian mobile operator Globul, which has been put up for sale by its owner, Greece's OTE, reported a sharp decline in revenues in a worrying sign about the future deal. The revenues of telecoms operator Globul have dropped 20.9% in the third quarter of the year on an annual...

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Bulgaria's Globul reports 20.9% revenues drop



Balkans.com Business News Correspondent - 14.11.2012

Bulgarian mobile operator Globul, which has been put up for sale by its owner, Greece's OTE, reported a sharp decline in revenues in a worrying sign about the future deal. The revenues of telecoms operator Globul have dropped 20.9% in the third quarter of the year on an annual basis to EUR 85.9 M, data shows.

OTE, the biggest telecoms operator in southeastern Europe, announced in mid-June it plans to sell its Bulgarian units to help refinance EUR 3.4 B debt maturing in the next two years, Novinite reports.


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