The European Commission (EC) has approved the proposed take-over of the incumbent Bulgarian telco BTC by AIG Capital Partners. In its view, there are no competition concerns as AIG does not have any telco operations in its portfolio in the EEA and BTC is only active in the telco sector. Back in May AIG agreed to buy up to 90% in BTC, including a 65% held by Viva Ventures, for a reported $1.08 billion (€792.38 million). The deal still awaits the approval of the local competition authority.
