EQT buys leading Bulgarian cablecos
By Chris Dziadul
October 30, 2009 07.24 UK
Bulgaria’s cable industry has been transformed overnight by the Swedish investment group, EQT V, which has acquired both 100% of Eurocom from Warburg Pincus and 70% of CableTel from Gene Philips for a combined total of more than €200 million.
EQT V now plans to merge the two companies, already the two largest cable operators in Bulgaria, to create one that will be the undisputed market leader in the country’s cable industry.
Along with Ron Finlay, a 30% shareholder in CableTel who will commit more equity in the new venture, it will invest in new products in digital TV, broadband and telephony.
EQT V’s other interests currently include the German cable operator Kabel BW.
Related Articles- Major Bulgarian cable deal mooted
- CableTel buying spree continues
- Bulgarian cable market consolidates
- More buys for CableTel and Eurocom
- Liberty sets its sights on Germany
- 3D demo channel for Astra
- Telenor IPTV goes live
- Google putting Android into set-tops
- Sky backs DTG for Canvas role
- Satellite DTH surpasses cable in Europe
