0
General

United Group and Providence bid for Bulgaria's Vivacom - report

Tuesday 1 October 2019 | 15:33 CET | News
United Group, owned by BC Partners and KKR, and Providence Equity Partners, have launched indicative bids for Bulgaria's largest telecom company Vivacom and are conducting due diligence, two sources with direct knowledge of the situation told the Financial Times. Vivacom was put up for sale in July by Bulgarian businessman Spas Roussev and the London arm of Russian bank VTB, which together took control of the company, after Lazard was appointed to find a buyer. United Group has bid EUR 1.1 billion, while Providence has offered EUR 1.05 billion.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Lazard / Vivacom
Countries: Bulgaria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

BC Partners-owned United Group buys Bulgaria's Vivacom

Published 08 Nov 2019 09:19 CET | Bulgaria
Vivacom confirmed a deal to be acquired by United Group, in a transaction expected to close in Q2 2020, subject to antitrust ...

United Group in talks to buy Bulgaria's Vivacom - report

Published 18 Oct 2019 14:34 CET | Bulgaria
BC Partners-owned Balkan telecoms and media company United Group is in talks to acquire Bulgaria's Vivacom, according to Reuters ...

Vivacom adds Motorola One Zoom to offer

Published 20 Sep 2019 08:53 CET | Bulgaria
Bulgarian operator Vivacom started selling the new Motorola One Zoom. The Android-powered smartphone is offered both in stores as ...

Vivacom offers access to Tidal music platform

Published 11 Sep 2019 17:03 CET | Bulgaria
Vivacom partnered streaming platform Tidal to offer its customers with access to Tidal's library of 60 million songs. Users of ...