Sun, Nov 22 2009

Evrokom gets regulatory nod to buy small Sofia-based cable operator

Thu, Aug 07 2008 19:47 CET 145 Views

Bulgaria's anti-trust regulator said it has approved the take-over of Insight Com, a Sofia-based Internet and cable TV provider, by cable operator EvrokomCable MB. The deal price was not disclosed.

The Commission for the Protection of Competition (CPC) said its research indicated that Insight Com has only a token share of the Sofia market. Insight Com operates in Sofia's Nadezhda residential district.

Insight Com is the latest asset targeted for acquisition by Evrokomin 2008, but Evrokomboard director Petyo Staikov declined to say the net additions that the deal would make to the Evrokomsubscriber base.

In January, Evrokomwon regulatory approval to buy satellite TV provider ITV Partners but the deal was never finalised. The cable operator later bought the networks of five regional peers in Gabrovo, Pazardjik and Kyustendil and two in Plovdiv.

The biggest deal in the making, a merger with rival CableTEL, is pending regulatory approval.

In July, the CPC said it was launching an anti-trust probe because the data is had at its disposal suggested the deal could create a monopoly on the paid TV segment.

Read the full story on Dnevnik.bg
 

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.