The proposed merger of Bulgaria’s two leading cable operators CableTel and Eurocom Cable is looking in doubt.
According to local reports, the Commission for the Protection of Competition (CPC) has launched a probe into the merger on the grounds that, while not creating a monopoly, may lead the resulting entity to the abuse its dominant position.
The merger would in fact create a company with a market share of 35%, which is considered to be the threshold for monopoly status. CableTel is backed by the UK investment fund Ramford Alliance Ltd, while Eurocom Cable has the backing of Warburg Pincus Private Equity.
The deal would effectively see CableTel taken over by Eurocom Cable.
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