Novator mulls BTC option

24 Jan 2007

According to the International Herald Tribune, Thor Bjorgolfsson, Iceland’s first billionaire, is reviewing his involvement in the Bulgarian Telecommunications Company (BTC). According to the reports, Novator, Mr Bjorgolfsson’s investment vehicle, has appointed Lehman Brothers to advise it on what to do with an option to acquire a 65% stake in BTC from Viva Ventures, an arm of US-based global private equity group Advent International.

Bulgaria, Vivacom (BTC)