Moldcell to invest USD55 million over five years

8 Aug 2006

Moldovan wireless operator Moldcell will invest USD55 million in its operations over the next five years, according to Erdal Durukan, president of TeliaSonera Eurasia and CEO of Finland’s Fintur Holdings, a subsidiary of TeliaSonera. Fintur claims to have invested USD74 million in Moldcell since April 2000. According to TeleGeography’s GlobalComms, Moldcell had 391,000 users at the end of March 2006. It is owned by Mold Fintur (11%) and Fintur Holdings (89%).

Moldova, Moldcell