AKEP greenlights Telekom Albania sale

29 Mar 2019

Albanian telecoms watchdog the Electronic and Postal Communications Authority (Autoritetit Te Komunikimeve Elektronike Dhe Postare, AKEP) has approved the sale of a 99.757% stake in Telekom Albania to Bulgarian-owned firm Albania Telecom Invest, SeeNews reports. The sale still requires clearance from Albania’s competition regulator, however. Greek telco OTE had agreed to sell its entire stake in the operator to Albania Telecom Invest in January this year for a total consideration of EUR50 million (USD56.2 million) and expects to finalise the transaction in the first half of 2019. For its part, Albania Telecom Invest is controlled by Bulgarian businessman Spas Roussev – the controlling shareholder of Bulgarian fixed line incumbent Vivacom (registered as Bulgarian Telecommunications Company or BTC) – and by Albanian-Bulgarian investor Elvin Guri.

Albania, Telekom Albania, Vivacom (BTC)