Deutsche Telekom
Prosecutor in Siemens trial: 35 mln euros were paid to secure contracts
With the trial of dozens implicated in the long-running Siemens cash-for-contracts scandal gradually coming to an end, a prosecutor on Monday claimed that the equivalent of 35 million euros in illicit payments were made to secure state deals.
OTE intends to create at least three new subsidiaries
The management of Deutsche Telekom-owned OTE is considering the creation of subsidiaries that will undertake specific work and lead to an increase in the group's value.
Mobile Operator Vivacom are Expecting 5G Auctions in Bulgaria Next Year
It is expected that the auctions for the 5G frequencies in Bulgaria will be held next year, Radoslav Zlatkov, Chief Technical Officer of the Telecommunications Company Vivacom, told reporters.
OTE launches voluntary exit scheme
The OTE Group on Thursday announced a new annual voluntary exit program. In a bid to reduce staff numbers, the program will be targeted toward about 1,400 employees of OTE, Cosmote and Germanos in Greece.
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OTE Telecom core profit down 2.6 percent, Romania hurts
Greece's biggest telecoms operator OTE expects a double-digit percentage rise in cash flows this year as recovery in Greece takes hold and its Romania business stabilises.
Bulgarian Businessman Spas Rusev Targets Telekom Romania after Albania
The Bulgarian entrepreneur Spas Rusev has confirmed he is in talks to buy Telekom Romania.
Speaking to Capital, he added that because of the size of the possible transaction he is undertaking it with a partner.
Furthermore, he will at a future date also enter into talks to buy the Macedonian incumbent.
OTE sells Albanian firm for 50 mln euros
Deutsche Telekom-owned OTE on Wednesday announced the sale of its entire stake in Albanian subsidiary Telekom Albania to Bulgarian company Albania Telekom Invest AD for the amount of 50 million euros.
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Telekom Srbija acquires two more cable operators
Telekom Srbija Group's Internet and Multimedia Coordinator and m:tel Director Vladimir Lucic said this in an interview with the daily Blic, adding that the company expect these acquisitions to be completed in the first quarter of this year.
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What to Expect From the 5G Technology. Is it on Its Way to Bulgaria?
The new technology is the network of the future. What will exactly offer?
One key goal of 5G is to dramatically improve quality of service, and extend that quality over a broader geographic area, in order for the wireless industry to remain competitive against the onset of gigabit fiber service coupled with Wi-Fi.
OTE Telecom Q3 core profit grows as Greece recovers
Greece's biggest telecoms operator OTE posted on Thursday a 4.7 percent rise in third-quarter core profit thanks to a growing retail fixed and mobile business in its home market.