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Bulgarian bTV dispute escalates

March 18, 2010 08.27 Europe/London By Chris Dziadul

A dispute threatening the completion of the sale of the Bulgarian national commercial station bTV by News Corp to CME has taken a new and surprising twist.

Novinite reports that the country’s Commission for Protection of Competition (CPC) has launched an investigation into CableTel/Eurocom on allegations that they constitute a monopoly.

The Commission has acted on a tip off from bTV, which is in conflict over carriage of the thematic channel bTV Cinema – and it is now also reported bTV Comedy – on CableTel/Eurocom’s networks.

CableTel/Eurocom were acquired by the Swedish equity group EQT V last October in a deal worth over €200 million, while News Corp plans to sell bTV and and its other Bulgarian assets to CME for $400 million (€290.6 million).

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Filed Under: Central & East Europe, Newsline Tagged With: bTV, CME Edited: 18 March 2010 12:04

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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