Bulgarian Telecommunication Company’s (BTC) sale procedure is underway, chief executive officer of the company Martin Staub said.

More than one company is interested in the acquisition of BTC or part of it, Staub said as quoted by mediapool.bg. Four companies bid for the 65 per cent of BTC offered for sale. The offers vary from 1.65 to 1.96 billion euro.

Financial Times reported that Dubai-based Orteg Telecom and Turkish Turkcell presented the highest offers.

Staub refrained from predicting how the selling procedure will end, but said that current owner Thor Bjorgolfsson may keep his share in the company.

Whoever purchases the company, will be able to acquire another 25 per cent through the purchase of the shares of some of the other big shareholders.

While the sale procedure is on, BTC becomes more expensive by launching new services for its clients, mediapool.bg said.

By the end of April 2007 the company will launch web television for the clients of its internet provision service. Vivatel, BTC’s mobile phone operator, will start offering video conversations.