POST Online Media Lite Edition



 

Telekom Austria's Mobiltel acquires blizoo Bulgaria

Staff writer |
The Telekom Austria Group announced that its Bulgarian subsidiary Mobiltel has agreed with the seller EQT V to acquire 100% of the cable operator blizoo Bulgaria.

Article continues below






blizoo is the second largest fixed-line operator in Bulgaria and has an 8% share in the fixed broadband market and an 11% share in the TV market (Telekom Austria Group estimate).

The company currently has approximately 373,000 subscribers, which obtain fixed voice, broadband and TV products via DOCSIS 3 technology. In total blizoo Bulgaria covers 1.3 million households.

In 2014 revenues and EBITDA amounted to EUR 47 mn and EUR 19 mn respectively. As agreed between the parties, details regarding the purchase price will not be released.

Telekom Austria Group will finance the transaction via existing cashflow. The closing is expected for Q4 2015. The transaction is subject to merger control clearance.


What to read next

Telefonica Deutschland to transfer 7,700 mobile telephone sites to Deutsche Telekom
Deutsche Telekom closes acquisition of GTS Central Europe
Hutchison 3G Austria buys Orange Austria for $1.7 billion