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
