Hungary’s 4iG has closed the acquisition of a majority (80.27%) stake in ALBtelecom, the leading provider of triple-play services in Albania.
4iG acquires leading Albanian telco
4iG has signed a final agreement to acquire 80.27% of the shares of ALBtelecom, a majority-owned subsidiary of Turkey’s Çalik Holding, for an undisclosed fee.
Albanian incumbent provides service update
Albtelecom currently has over 85,000 triple-play customers, according to Kliton Proko, the company’s business development director.
Albanian telco opts for Thomson
ALBtelecom has chosen Thomson Video Networks’ ViBE XT transcoder to expand its IPTV/OTT platform ALBtv to 240 live channels.
Telekom’s Albanian rebrand criticised
The Albanian incumbent telco ALBtelecom has issued a critical statement on the rebranding of AMC to Telekom Albania earlier this month.
OTE targets Albanian incumbent
Greece’s OTE is understood to be in talks to buy the Albanian incumbent telco Albtelecom.