April 15, 2010 - M-Tel has announced it will be transferring its WiMAX frequencies to fellow spectrum holder Max Telecom for an undisclosed sum. M-Tel, Bulgaria’s number one mobile operator by subscribers, will instead focus its efforts on further developing its UMTS network.

TeleGeography’s 4G research service shows M-Tel received two blocks of 10.5MHz in the 3.5GHz band in January 2006 for USD3.84 million.

source: TeleGeography | Read full story