ORS looks to Bulgaria
By Chris Dziadul
November 17, 2009 08.47 UK
Austria ORS has renewed its interest in acquiring National Unit Radio and TV Systems (NURTS), the broadcasting unit of the recently re-branded incumbent Bulgarian telco Vivacom (BTC).
Novinite reports that ORS’s MD Michael Wagenhofer has confirmed the move. According to Wagenhofer a previous bid to buy NURTS failed earlier this year “because of various reasons, partly of institutional, legislative and regulatory origin.”
ORS is understood to have then offered €80 million, plus a commitment to invest a further BNG100 million (€51.2 million), for a majority stake in NURTS.
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