Bulgaria: AIG Owns Bulgaria's Phone Lines?
Making a call in Bulgaria? You can bet that telephone line is at least partially owned by American International Group (AIG). That's because the insurance giant holds a 90% stake in Bulgarian Telecommunication's Company, the largest phone operator in the eastern European country. BTC operates more than 2.2 million fixed phone lines, services more than 1.2 million mobile customers and is the biggest Bulgarian ADSL Internet service provider, with 240,000 customers.
This is the most recent discovery in our ongoing series dissecting the Waterloo that is AIG. It is also one of the many reasons why AIG received billions of bailout $ from the US government -- and why untangling its assets during the company's ongoing effort pay back that bailout has proven so problematic.
No comments:
Post a Comment