Telekom Slovenjie to invest EUR30 million in Cosmofon

29 May 2009

According to Balkan Insight, Telekom Slovenije has promised to invest EUR30 million (USD41.6 million) in its new subsidiary Cosmofon. The telco, which acquired the Macedonian cellco earlier this month, says it will spend the money on implementing mobile digital video broadcasting services. Cosmofon is the second largest mobile operator in the country, claiming a 35% share of the market at the end of March 2009.

North Macedonia, ONE (incl. on.net and Cosmofon), Telekom Slovenije (incl. Mobitel)