Mtel confirms Blizoo integration is now complete

19 Apr 2017

Mobiltel (Mtel), Bulgaria’s largest mobile operator by subscribers, has confirmed that its integration of local cableco Blizoo is now complete – almost two years after the acquisition was originally announced, on 29 July 2015. As of 12 April 2017 Mtel has assumed control of all rights, obligations and responsibilities relating to Blizoo customers and subcontractors. Going forward, Mtel has confirmed that it will maintain the cableco’s branding and service portfolio.

According to TeleGeography’s GlobalComms Database, Telekom Austria Group-backed Mtel agreed to acquire 100% of Blizoo from Sweden-based investment fund EQT in July 2015, paying EUR119.7 million (USD139.2 million) for the cableco.

Bulgaria, A1 Bulgaria (Mobiltel), Blizoo (Bulgaria)