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Yettel operators

Yettel Bulgaria

Yettel 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.

Yettel Bulgaria offers mobile voice, data and content services on both post- and pre-paid basis. Yettel 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.

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

In 2018, PPF Group agreed to purchase Yettel’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 Yettel’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Telenor has been active in Central and Eastern Europe for 25 years. In 2013, Yettel entered the Bulgarian market by acquiring Globul.

Country Manager: Jason King

Country facts

population (Dec 2017) 7.1 million
ownership by PPF since 2018

Operational results

Yettel Bulgaria 2021
employees 1,641
mobile subscribers (thousands) 3,462
mobile ARPU 9.3 €/m

Financial results

in EUR millions 2021 2020 2019
Total assets 500 510 781
Revenue 427 402 384
EBITDA 134 140 180
CAPEX 41 19 28
* based on audited financial accounts for 2019, 2020, and 2021

Country facts

Operational results

Financial results

Contacts

Yettel Bulgaria

Mladost 4, Business Park Sofia 6
1766 Sofia
Bulgaria