United Group agrees to acquire Bulgaria’s Vivacom
BC Partners-owned United Group, a Dutch-based telecommunications and media company operating in southeast Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria, Vivacom has announced.
Vivacom sign in Sofia. Photo by Anastei6a/Shutterstock.com
The price of the transaction was not disclosed, but it is expected to close in the second quarter of 2020, following receipt of applicable antitrust approvals.
The acquisition will be financed through a combination of new debt and cash on hand at United Group, the statement reads. United Group already operates in six countries in the region. Vivacom provides services to over 1.8 million unique customers, it says.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.