The Bulgarian competition authority clears the acquisition of the incumbent fixed telecom operator subject to remedies, including ensuring interconnection with other operators and unbundled access to the local loop (Viva Ventures / Bulgarian Telecommunications Company)

The operation The notified operation consists of the acquisition of a 65% controlling stake by Viva Ventures Holdings GmbH, a special purpose company established by Advent International, in the incumbent telecoms monopoly in Bulgaria - the Bulgarian Telecommunications Company. Advent International is a US private equity fund, that has had no prior activities in Bulgaria. BTC, while no longer holding a legal monopoly, is the predominant market player in fixed telephony and leased lines services. The market(s) The main markets reviewed by the Commission were those of fixed

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  • Boyanov & Co. (Sofia)

Quotation

Peter Petrov, The Bulgarian competition authority clears the acquisition of the incumbent fixed telecom operator subject to remedies, including ensuring interconnection with other operators and unbundled access to the local loop (Viva Ventures / Bulgarian Telecommunications Company), 20 May 2004, e-Competitions May 2004, Art. N° 20952

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