Nokia wants to buy Vivatel

Nokia (NYSE: NOK) is interested in buying Vivatel. The mobile operator will sell individually BTC. Icelander Thor Bjorgolfsson who owns 65% of BTC intends to sell his share, his fund announced.

So far only Nokia has intentions to buy Vivatel, Standart newspaper reported. The Finnish giant won in September a contract for building a 3G network for the third mobile operator. Nokia will also distribute equipments for GSM, EDGE, WCDMA nets and other technologies from this sphere. Vivatel started its market operations on November 5th 2005 and so far has given negative financial results. The company has over 500 thousand subscribers or about 7-8% of the market share.

Source: Information Agency

This is all the information I could find on Vivatel:

Vivatel (Bulgarian: Вивател) is the third Bulgarian GSM operator, started in 2005. It is owned by the Bulgarian Telecommunications Company, which was granted a GSM operator license in June 2004 and an UMTS license in May 2005. The company sponsors Bulgarian football club PFC CSKA Sofia.

Vivatel reached 500,000 clients in September 2006.

Source: Wikipedia

Let’s see what happens. I don’t get it, but then again Nokia does a lot I’m still just starting to learn about.