Deals
Deutsche Telekom, Vodafone Chased by East European Tycoon
- PPF’s purchase of Telenor assets brings in new ‘nimble’ player
- Serbia sees purchase as signal of fresh confidence in market
This article is for subscribers only.
To get a picture of how PPF Group NV’s arrival might shake up the telecommunications markets in Hungary and the Balkans, look at what it did in the Czech Republic.
The private financial group of Petr Kellner, the richest man in the European Union’s east with a $12.6 billion fortune, will lock horns with industry heavyweights such as Deutsche Telekom AG, Vodafone Group Plc and Telekom Austria AG. While a relative newcomer in the industry, local analysts and officials said it should bring a penchant for experimentation, a war chest to invest while controlling costs and an understanding of the former communist markets.