CableTel ownership change mooted

Bulgaria’s leading cable operator CableTel is understood to have become a takeover target for the Dutch company Wild Mountain Holding (WMH). According to a local report, WHM has signalled its intention to gain indirect control of the MSO to the antitrust authority, though CableTel says that any move would amount to little more than some “internal re-shuffling” to its holding structure. CableTel has seen a number of ownership changes in the last few years and is currently backed by the UK’s Ramford Alliance Ltd. It has already invested up to €150 million in upgrading its infrastructure and expanded its interests to several neighbouring countries including Macedonia and Serbia.