AIG Investments has increased its stake in the incumbent Bulgarian telco BTC to 94% by buying out its minority shareholders. As a result, it is now in a position to de-list the company. AIG Investments acquired a 90% stake in BTC through its subsidiary AIG Capital Partners in August this year in a deal said to be worth €1.661 billion. When doing so, the US insurance group said it planned to invest up to €700 million in BTC over the next five years. BTC is the leading provider of fixed line services in Bulgaria and also has a mobile business named Vivatel. However, unlike most other incumbent telcos in CEE, it has yet to launch an IPTV service.
