Empreno Ventures has decided to focus on Luxembourg proceedings in order to reverse the sale of the Bulgarian incumbent telco Vivacom.
Bulgaria’s Vivacom has entered into a partnership with GE-TV.
BC Partners-owned United Group has agreed to buy the Bulgarian incumbent Vivacom for a reported €1.2 billion.
Empreno Ventures has called on United Group and its controlling shareholder BC Partners to halt negotiations pertaining to the acquisition of the Bulgarian incumbent telco Vivacom pending a court decision.
United Group, the private equity-backed cable company, is holding exclusive talks to purchase Vivacom, Bulgaria’s largest telecoms group.
The global fashion, lifestyle and entertainment TV channel Fashion One has entered into a partnership with the Bulgarian telco Vivacom.
BC Funds and Providence Equity have emerged as front runners to buy the Bulgarian incumbent BTC (Vivacom).
The Bulgarian entrepreneur Spas Roussev has confirmed that the country’s leading telco Vivacom, in which he is the main shareholder, has been put up for sale.
The English Commercial Court has dismissed an attempt by offshore entities to challenge the ownership of Bulgaria’s Vivacom just as the company is marketed to new investors.
The Russian Television and Radio Broadcasting Company (RTR) has entered into a partnership with Bulgaria’s Vivacom.