American International Group

Bulgarian Telecommunications Company (BTC) informed the Competition Protection Commission (CPC) of its intentions to buy the broadcaster of the free over-the-air digital signal. 

Bulgaria's Supreme Administrative Court (VAS) has upheld unfair commercial practice accusations of the consumer protection watchdog against telecom operator Vivacom.

The international rating agency Standard & Poor's (S&P) downgraded on Friday the rating of Bulgaria's third largest telecom Bulgarian Telecommunications Company (Vivacom). 

According to S&P's official statement, quoted by Dnevnik.bg, the reason for this is the connection of Vivacom with the bankrupt Corporate Commercial Bank (KTB). 

Bulgarian telecom VIVACOM's assets in BNB-supervised Corporate Commercial Bank (KTB) are likely to amount to EUR 71 M, the Irish Stock Exchange wrote on its website.

It reminded VIVACOM had previously put its balance at KTB, which the Bulgarian National Bank (BNB) placed under conservatorship in June, at EUR 6.5 M.

Bulgaria's largest mobile telecom Mtel extended its license by 10 years, said the company on its website. 

According to the announcement, the company owner – Telecom Austria - paid EUR 30.6 M for the license, plus an additional annual fee of EUR 2.2 M for the use of the radio frequencies. 

By Rainer Buergin & Patrick Donahue

German Finance Minister Wolfgang Schaeuble said that European nations looking to throw Ukraine a financial lifeline could use Greece’s bailout as a blueprint.