Bulgaria

Telenor Bulgaria

Telenor Bulgaria is the largest mobile telecommunications provider in Bulgaria by revenue and second largest by subscriber market share with more than 3 million active users.
Telenor Bulgaria offers mobile voice, data and content services on both post- and prepaid basis. Telenor Bulgaria won the award for fastest mobile network in Bulgaria (2016) and offers high quality voice and data connectivity in its own 4G network with VoLTE technology through an asset base consisting of 3,154 mobile base sites.

PPF Group’s share in Telenor Bulgaria EAD is 100%.

In 2018, PPF Group agreed to purchase Telenor’s assets in Central and Eastern Europe. After obtaining the necessary regulatory approval, the transaction was settled at the end of July 2018. Following the closing of said transaction, PPF Group became the sole owner of Telenor’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Telenor has been active in Central and Eastern Europe for 25 years. In 2013, Telenor entered the Bulgarian market by acquiring Globul.

Country facts

population (Dec 2017)

7.1 million
ownership by PPF since 2018

Operational results

Telenor Bulgaria 2020
employees 1,640
mobile subscribers (thousands) 3,468
mobile ARPU

8.9 €/m

Telenor Bulgaria EAD
Mladost 4,
Business Park Sofia 6
1766 Sofia
Bulgaria


www.telenor.bg/en

Country Manager
Jason King

Financial results

in EUR millions

2020 2019 2018
Total assets 510 781 807
Revenue 402 384 375
EBITDA 140 180 158

CAPEX

19 28 23

* based on audited financial accounts for 2019 and 2020 and unaudited pro forma condensed consolidated financial information for 2018

CETIN Bulgaria

CETIN Bulgaria EAD
Mladost 4,
Business Park Sofia 6
1766 Sofia
Bulgaria


www.telenor.bg/en


CETIN Bulgaria was established by separation of telecommunication infrastructure from Telenor Bulgaria. The company provides mobile network services for Telenor Bulgaria.

CEO
Petar Mudrinić

 

Financial results

in EUR millions

2020 2019 2018
Total assets 310 - -
Revenue 48 - -
EBITDA 38 - -

CAPEX

18 - -

* based on audited financial accounts for 2020; 2020 figures contain only 2H2020 data