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Latest Satellite News Discussion, Info Major ownership changes for Bulgarian cable at General Satellite News forum; Major ownership changes for Bulgarian cable By Chris Dziadul July 29, 2009 Bulgarias Competition Protection Commission has approved the sale ...

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Info Major ownership changes for Bulgarian cable - 29-July-2009, 16:10

Major ownership changes for Bulgarian cable

By Chris Dziadul

July 29, 2009

Bulgarias Competition Protection Commission has approved the sale of the local cable operator Eurocom to the private equity fund EQT V.

According to Novinite, its decision was based on the belief that the improvements that would follow to the cable operators services outweighed any competition concerns.

Last April, it was announced that EQT V also planned to take over CableTEL, Bulgarias leading cable operator, for an undisclosed fee. That deal, too, has since been approved by the Competition Protection Commission.

EQT V was launched in 2006 and has made investments in mostly Northern Europe. Its committed capital stands at 4.25 billion.


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