Reports indicate that AIG is to borrow €1.64 billion to fund its acquisition of the incumbent Bulgarian telco BTC. AIG agreed to buy 65% of BTC from the Icelandic entrepreneur Thor Bjorgolfsson for BGN2.11 billion (€1.08 billion) last month and has since indicated its intention to secure a further 25%. Also in Bulgaria, the regulatory authorities are to meet next week to discuss the award of terrestrial TV licences in Plovdiv, Varna and the capital, Sofia. This follows protests from some of the participants in the competition, which was won by BBT, Maxchannel and TV7.
AIG seeks funding for BTC purchase
05.19 Europe/London, June 29, 2007 By
About Chris DziadulChris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com.
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