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Vivacom eyes new ownership

June 7, 2016 10.48 Europe/London By Chris Dziadul

Vivacom-1The Russian bank VTB is set to become a shareholder in the Bulgarian incumbent Vivacom (BTC).

Kommersant reports that VTB was one of the members of a consortium of investors that last year won the auction to take on Vivacom’s debt.

Quoting a source close to the current deal, it adds that the bank will now receive a 20% minus one share stake in Vivacom, with Viva Telecom holding 46%, Delta 19% and minority shareholders 15% plus one share.

Vivacom has changed hands a number of times in the last few years and as of the end of Q1 was owned by V Telecom investment.

This, through InterV, held 100% of the capital of Viva Telecom Bulgaria, Vivacom’s parent company.

V Telecom investment listed LIC Telecommunications (43.3%) and Crusher Investment Limited, owned by VTB (33.3%), as its main shareholders.

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Filed Under: Central & East Europe, Newsline Tagged With: BTC, Bulgaria, Russia, Vivacom Edited: 7 June 2016 10:48

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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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