Cosmote Romania Submits Bid for 3G License

ATHENS -(Dow Jones)- Cosmote Romania, a 70% owned subsidiary of Greek mobile-phone provider Cosmote Mobile Telecommunications, Monday said it has submitted a bid to the Romanian government to acquire a 3G license.

The cost of the license has been set at approximately US$35 million by the Romanian Inspectorate for Communications and Information Technology.

The successful bidders will be announced by Oct. 15.

Cosmote Romania plans to use the third-generation, or 3G, license to enhance capacity on its network as well as offer customers new data and high-speed services.

In Greece, Cosmote has been successfully offering 3G services since 2004.

3G mobile-phone technology has increased network operators' capacity and bandwidth, offering faster data speeds.

Company Web site: http://www.cosmote.ro

-By Alkman Granitsas, Dow Jones Newswires; +30 210 331 2881; alkman.granitsas@dowjones.com

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Posted to the site on 4th September 2006