Telekom

Türk Telekom has announced that its net income in the first quarter of 2019 soared 183 percent on an annual basis to 2.2 billion Turkish Liras.

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.

Turkey's telecom giant Turk Telekom reported a net loss of 1.39 billion Turkish Liras ($267 million) for 2018 versus 1.13 billion liras of profit the company posted in 2017.

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.

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.

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.

The agency said this on Monday citing Albanian Top Channel broadcaster.

"Deutsche Telekom, the owner of Telekom Albania, is in the final stage of the procedure of selling its Albanian arm to Bulgaria's Vivacom," said the report, also carried by Bulgarian websites.

Belgrade-based daily Politika writes this on Thursday.

Namely, Albanian Prime Minister Edi Rama said two days ago that while Serbian companies are "welcome to Albania" - this is not true when it comes to "a strategic sector like telecommunications."

Serbian President Aleksandar Vucic said on Monday that he will talk to Albanian Prime Minister Edi Rama about reports that Serbian Telekom's planned investment in Albania's telecommunications company is not welcome.

Serbia's state-run Telekom Srbija has made an offer to acquire Telekom Albania as it looks to expand in the Balkans, the Belgrade-based Vecernje Novosti reported on Monday, citing sources.

Telekom Albania has a 39 percent market share in Albania's telecommunications sector and is 99.79 percent owned by Greece's OTE.