Growing not going; Albtelecom denies rumours of sales talks

8 May 2015

Albanian full-service provider Albtelecom has issued a statement denying reports that its parent company, Calik Holding, is involved in talks to sell the telco to Greece’s OTE. The telco stressed that Albtelecom is not up for sale, but is instead pursuing a ‘strategy of expansion and growth in Albania and other Balkan countries,’ pointing out that it has recently launched a new IPTV service, dubbed ‘ALBtv’, and has received two licences for 4G services. According to TeleGeography’s GlobalComms Database, Albtelecom – including wireless division Eagle Mobile – represented 12.9% of the mobile sector and 39.7% of the broadband space at end-2014.

The statement was issued in response to reports in Greek news outlet Kathimerini, which cited unnamed sources as saying that OTE and Albtelecom were involved in talks negotiating the sale of the telco but could not agree on a price. The Greek news report is the second rumoured sale that Albtelecom has had to deny this year, following speculation in January this year that Germany’s Deutsche Telekom (DT) was looking to acquire the operator. Albtelecom’s CEO said at the time that the DT rumours had been ‘generated on purpose to slow down our inevitable growth.’

Albania, ALBtelecom, Cosmote