Posts filed under ‘Cosmote’
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.
Romania’s telecoms regulator ANC has revealed that it received no final bids for the two 3.6GHz licences that are on offer, despite receiving preliminary applications from six firms. ‘Signals from the market indicate that the main problem with these frequencies is their price, which the operators find too high. We will propose the Government a lower licence fee and then re-launch the granting process, as soon as possible’, ANC President Liviu Nistoran said in a statement. The licences will be used to provide WiMAX wireless broadband services; a third concession has already been handed to SNR in return for it agreeing to hand back the spectrum it already held in the 3.6GHz-3.8GHz band. The six companies that bought Terms of Reference for the tender were: Asesoft International, Comcore Management, Cosmote Romanian Mobile Telecommunications, Media Sat, RCS&RDS and Vodafone Romania.