Eventis Mobile’s licence suspended for further two months

17 Jun 2010

Moldova’s telecoms agency, the National Regulatory Agency for Electronic Communications and Information Technology (ANRCETI), has announced it has suspended the wireless licence of Eventis Mobile for a further two months, following a request from the GSM operator’s insolvency administrator. As reported by CommsUpdate, Eventis’ licence was first suspended for a two-month period in February 2010 at the request of company management due to a lack of financial resources. Furthermore, the ANRCETI determined that Eventis had failed to comply with its licence conditions, which obliged the cellco to provide 60% of the population with network coverage and operate at least 340 base stations by the end of 2009. The management of Eventis failed to resolve its lack of coverage, citing a lack of funds necessary to ensure quality and continuity of service provision. In March 2010 the Economic Court of Appeals recognised the company as insolvent and the following month Eventis entered into bankruptcy.

According to TeleGeography’s GlobalComms Database, Russian-owned and Cypriot-registered Eventis Telecom Holding was awarded Moldova’s third GSM licence in January 2007. The company won the 15-year 900/1800MHz concession in a beauty contest, paying USD8 million. Eventis launched commercial services on 31 December 2007; exactly two years later it had a wireless customer base of only 11,800, down from a peak of 22,000 six months earlier.

Moldova, ANRCETI, Eventis Mobile