Deutsche Telekom's Magyar Telekom takes over Orbitel, Bulgaria's largest altnet, for EUR 8m. Magyar Telekom wants to be a leading altnet in Southeast Europe.
Smart move from DT. PTT's in Poland (France Telecom) and the Czech Republic (Telefonica) have not been great investments, suffering the same kind of erosion that occurs at Western European PTT's. Also, broadband in the east is much less developed than in e.g. France, where Telecom Italia is focused.