Posts filed under ‘Cosmofon’
Turk Telekom announced, in a statement to the Istanbul Stock Exchange, that an investment mandate decision had been agreed at a board meeting earlier this week, reports Reuters. ‘The decision was reached for the extraordinary general meeting… to mandate the management board for any kind of company purchases for up to USD1 billion within 2009,’ the company said. The extraordinary general assembly is scheduled to meet on 25 February. Although the operator did not reveal any particular acquisition targets, the company did submit a preliminary, non-binding bid for the Macedonian wireless operator Cosmofon last month.
In other news, Turk Telekom’s wireless subsidiary Avea announced this week that it had gained a net 244,000 subscribers since number portability was introduced in Turkey. Science Technologies and Communication Council (BTK) President Tayfun Acarer announced that 1.3 million subscribers have attempted to take advantage of number portability, which requires cellcos to allow customers to keep their phone numbers when switching to a different service provider, since it was introduced on 10 November 2008.
The Agency for Electronic Communication (AEC) has relaunched a tender for two unallocated 3G mobile licences in Macedonia (FYROM), according to IntelliNews. In November 2008 Macedonian mobile operator T-Mobile won the country’s second UMTS licence, when it was the sole bidder in an auction for up to three concessions. The following month the cellco paid EUR10 million (USD12.7 million) for the licence, which obliges it to launch 3G services within six months and expand coverage to 80% of households within three years. T-Mobile will join the country’s other dominant mobile operator Cosmofon, which was awarded a UMTS licence in January last year following a tender in November 2007. The cellco claims to have met the terms of its licence concerning minimum coverage targets ahead of the February 2009 deadline and, as such, launched commercial services in September 2008. Cosmofon’s 3G services are initially available to 50% of the population, mainly in large cities such as Skopje, Bitola, Ohrid, Gostivar, Tetovo and Kavadarci.