United Group’s Vivacom has agreed to buy a 100% stake in the Bulgarian regional operator Telnet for an undisclosed fee.
Telnet has a presence in over 100 settlements in the districts of Veliko Tarnovo, Ruse and Gabrovo, providing customers with internet and TV services.
The transaction is subject to all the necessary approvals from the relevant regulatory authorities and is expected to be completed in 2022.
United Group has a growing portfolio of assets in Bulgaria. Aside from Vivacom (BTC), which is the incumbent telco, it includes the national broadcaster Nova TV and ISPs Net 1 and ComNet.
