Bulgarian Telecommunications Company to acquire Net1, ComNet Sofia

Bulgarian Telecommunications Company to acquire Net1, ComNet Sofia

Bulgarian Telecommunications Company (BTC), which operates under the brand name Vivacom, said that it will acquire internet providers Net1 and ComNet Sofia.

The deal is part of the company's strategy to offer single telecommunications services packages covering all the needs of its consumers, BTC said in a statement on Friday.

The transaction is subject to regulatory approval, which is expected during 2021.

According to registry agency data, Net1 is fully-owned by local company ASME, while ComNet Sofia is 100%-owned by private investor Stoycho Stoychev.

BTC was acquired by Dutch-registered investment company United Group in 2020. United Group also completed the acquisition of Bulgarian multi-platform media company Nova Broadcasting Group last month, and is expected to wrap up the acquisition of Sofia-based publisher Telegraph Newspaper by the end of the first quarter.

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.