Cosmote to pay EUR 200 mln for Zapp Romania

May 13, 2009 at 20:33 Leave a comment

Greek telecommunica group Cosmote has reportedly reached an agreement with Saudi Oger over the takeover of Romanian mobile operator Zapp, Business Standard Romania reports. Cosmote will pay a “little over” EUR 200 million for 100 percent of Telemobil shares, the company that owns Zapp Romania, and is expected to sign the deal next month. With this acquisition, Cosmote aims to obtain Zapp’s 3G licence for its Romanian subsidiary Cosmote Romania, which is the only Romanian mobile operator without a UMTS concession.

Source- www.telecompaper.com

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Entry filed under: 3G, Cosmote, Europe, Financial, Greece, Romania, UMTS, Zapp. Tags: , , , , , , , .

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