Yettel Bulgaria

Yettel Bulgaria
Native name
Йеттел България
FormerlyTelenor, Globul
Company typeLLC
IndustryMobile Telecommunications
Founded17 September 2001; 23 years ago (2001-09-17) (as Globul)
Headquarters,
Key people
Jason King, Chairman and CEO[1]
Products
RevenueIncrease €425 million[2] (2021)
211,000,000 Bulgarian lev (2021) Edit this on Wikidata
Total assets398,000,000 Bulgarian lev (2021) Edit this on Wikidata
Number of employees
1,900[3] (2022)
Parent
Websitewww.yettel.bg

Yettel Bulgaria (formerly known as Telenor Bulgaria) is the largest mobile network and the third largest fixed telecommunications company in Bulgaria. The company was founded under the name "Cosmo Bulgaria Mobile" in 2001 by OTE and operated under the brand name "Globul" until 2014. In 2013 it was bought by Telenor and changed its name. In August 2018, the company was acquired by PPF, a Czech private investment fund.[4] The company continued to use the Telenor brand until 1 March 2022, when it was renamed to Yettel Bulgaria. In February 2024, the company was acquired by e& (Etisalat), and the merger was approved by Bulgaria's competition watchdog. However the branding of Yettel has not yet been changed.[5]

  1. ^ www.telenor.bg
  2. ^ www.telenor.bg
  3. ^ www.telenor.com
  4. ^ https://www.ppf.eu/en/press-releases/ppf- group-buys-telenors- telecommunications-active-in-EEC-countries
  5. ^ Pham, Manny (21 February 2024). "Bulgarian regulator approves e& acquisition of Yettel, Cetin". Developing Telecoms. Archived from the original on 5 April 2024. Retrieved 5 April 2024.