Bulgarian cable TV, internet and voice telephony provider CableTEL, is preparing to snap up 13 cable operators in neighbouring Macedonia, writes Dnevnik. If the Bulgarian firm receives formal approval from the regulator a deal on the units could be signed as soon as the end of this month. CableTEL vice president Dimitar Radev told the paper that the precise details of the acquisition – thought to be worth several million dollars – will be announced once the deal has been completed. CableTEL says it plans to upgrade all the acquired networks with two-way capability and offer a triple-play service. The targeted Macedonian cablecos own and operate the main cable networks in the capital Skopje, Tetova and the region. They are mainly locally-owned, although a few operate in partnership with Bulgarian counterparts.
CableTEL was acquired by the British investment fund Ramford Alliance Limited in February 2007 and recently finalised the takeover of Bulgarian peer Estnet in a deal that gave it a 20% share of the nationwide cable market and 50% of the cable market in Sofia.