Stein-Erik Vellan named Chief Executive Officer of Globul
(Thomson Reuters ONE) -
(Fornebu,Norway - 5 July 2013) Telenor is happy to announce that Stein Erik
Vellan will be named CEO of its recently acquired Bulgarian operation, Globul.
The announcement follows the EU Commission's approval of the acquisition.
"We are pleased that Mr. Stein-Erik Vellan will become Globul's new CEO. I am
confident that his experience as former CEO of Telenor Serbia and regional
knowledge will benefit Globul in further developing the company's position as
the country's second-largest mobile operator," said Kjell Morten Johnsen,
Executive Vice President and Head of Region Europe at Telenor.
Mr. Stein-Erik Vellan comes from the position as Head of Mobile in Telenor
Norway. Stein-Erik Vellan has vast experience from the CEE region, while heading
Telenor Serbia during a two-and-a-half-year period through an important
transitional phase. After his posting in Serbia, Stein-Erik Vellan served as
Managing Director of Uninor in India in the company's upstart face. Stein-Erik
Vellan has also been part of Telenor's Nordic management, successfully heading
the Norwegian business market division.
"I am delighted to be offered the opportunity to head Globul, one of the leading
telecom operators and recognized brands in Bulgaria. I have been passionate
about building business throughout my career and now look forward to working
with the employees in developing the company further to benefit customers,
employees and the Bulgarian society," said Stein-Erik Vellan, named CEO of
Globul.
The announcement follows the approval by the European Commission of Telenor
Group's agreement with OTE to acquire Bulgarian mobile operator Globul for a
total amount of EUR 717 million on a cash and debt free basis.
Globul is the second largest mobile operator in Bulgaria with a market share of
36 percent. The transaction also includes Germanos Bulgaria, the leading telecom
retailer in the country operationally integrated with Globul.
Globul has been present in Bulgaria since 2001. At the end of 2012, the company
reported 4.5 million subscribers and a 36 percent subscriber market share. In
2012, Globul and Germanos Bulgaria generated revenues of EUR 378 million and
EBITDA of EUR 135 million.
Once the transaction is finalized, expected in Q3 2013, Mr. Vellan will be
formally appointed CEO of the company.
In Central and Eastern Europe, Telenor Group is currently present in Hungary,
Serbia and Montenegro. The company is a leader in terms of mobile revenue share
in Serbia and Montenegro.
A photo of Mr. Stein-Erik Vellan may be downloaded here
Contact:
Dag Melgaard, Communication Manager, Telenor,
Mobile: +47 901 92 000, E-mail: dag.melgaard(at)telenor.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Telenor via Thomson Reuters ONE
[HUG#1714468]
Unternehmensinformation / Kurzprofil:
Datum: 05.07.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 275839
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