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Latest Satellite News Discussion, New ORS looks to Bulgaria at General Satellite News forum; ORS looks to Bulgaria November 17, 2009 Austria ORS has renewed its interest in acquiring National Unit Radio and TV ...

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Thumbs up New ORS looks to Bulgaria - 17-November-2009, 11:40

ORS looks to Bulgaria



November 17, 2009

Austria ORS has renewed its interest in acquiring National Unit Radio and TV Systems (NURTS), the broadcasting unit of the recently re-branded incumbent Bulgarian telco Vivacom (BTC).

Novinite reports that ORSs MD Michael Wagenhofer has confirmed the move. According to Wagenhofer a previous bid to buy NURTS failed earlier this year because of various reasons, partly of institutional, legislative and regulatory origin.

ORS is understood to have then offered 80 million, plus a commitment to invest a further BNG100 million (51.2 million), for a majority stake in NURTS.



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