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EQT buys leading Bulgarian cablecos

October 30, 2009 07.24 Europe/London By Chris Dziadul

eurocom_bulgaria_logoBulgaria’s cable industry has been transformed overnight by the Swedish investment group, EQT V, which has acquired both 100% of Eurocom from Warburg Pincus and 70% of CableTel from Gene Philips for a combined total of more than €200 million.

EQT V now plans to merge the two companies, already the two largest cable operators in Bulgaria, to create one that will be the undisputed market leader in the country’s cable industry.

Along with Ron Finlay, a 30% shareholder in CableTel who will commit more equity in the new venture, it will invest in new products in digital TV, broadband and telephony.

EQT V’s other interests currently include the German cable operator Kabel BW.

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Filed Under: Cable, Central & East Europe, Newsline Tagged With: CableTel, EQT, Eurocom Edited: 30 October 2009 08:39

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About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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