Bulgarian carrier Globul closes merger with retailer Germanos

Written by on July 7, 2014 in Business - Comments Off on Bulgarian carrier Globul closes merger with retailer Germanos

Bulgaria’s second largest mobile carrier Globul, owned by Norwegian telecom operator Telenor, said on July 7 that it has completed its merger with mobile accessories retailer Germanos Bulgaria.

Telenor acquired Germanos Bulgaria last year, as part of the 717 million euro deal to buy Globul from Greek operator Cosmote. At that time, the Norwegian company said that it planned to merge Germanos Bulgaria with Globul, a process that was completed on July 3.

The merger will have no impact on Germanos operations in Bulgaria, Globul said in a statement. None of the 126 Germanos stores would be shut down and no employees would be made redundant, the company said.

“All existing shops will continue to operate under the Germanos trade mark until the planned rebranding of Globul to Telenor in the near future,” Globul said.

(Photo: nedko/flickr.com)



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