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.
