The Bulgarian Commission for the Protection of Competition clears a merger in the payphones market subject to divestiture commitments (Bulgarian Telecommunications Company/Radio Telecommunications Company/Bulfon)

The operation The notified operation consists of the acquisition of a 49% controlling stake by Bulgarian Telecommunications Company AD, in Radio Telecommunications Company OOD, with an option to acquire additional 12% from another shareholder, as well as the acquisition of 66% of the capital of Bulfon AD. Bulgarian Telecommunications Company (BTC) is the incumbent telecoms fixed lines dominant operator in Bulgaria. At the time of the acquisition it is also active in pay phones and has recently been issued with the third GSM mobile cellular license in the country. Radio Telecommunications Company (RTC) is the first mobile cellular operator under the now defunct NMTS analogue standard. It

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Author

  • Boyanov & Co. (Sofia)

Quotation

Peter Petrov, The Bulgarian Commission for the Protection of Competition clears a merger in the payphones market subject to divestiture commitments (Bulgarian Telecommunications Company/Radio Telecommunications Company/Bulfon), 22 December 2004, e-Competitions December 2004, Art. N° 20947

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