Green light for Bulgarian cable merger
By Chris Dziadul
October 3, 2008 09.54 UK
The long-awaited merger of Bulgaria’s two largest cable operators has finally been the go-ahead by the Commission for the Protection of Competition (CPC).
The deal is effectively a take-over of CableTel by Eurocom Cable, which is backed by Warburg Pincus Private Equity, and full financial details are unknown.
The CPC has been considering the deal since May and it still remains controversial. While Eurocom concedes it will end up controlling 25% of the pay-TV market, competitors believe the figure could be much higher.
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