United Group closes Vivacom acquisition

3 Aug 2020

Netherlands-based United Group, owned by London-based private equity firm BC Partners, has finalised its acquisition of Bulgarian telecoms operator Vivacom. United Group agreed to purchase the Bulgarian operator in November 2019 and the EC approved the acquisition in April 2020, after concluding that a lack of competition was unlikely considering the ‘very limited increase in the merged entity’s market position and the presence of several other players in the market of retail supply of pay-TV services.’

As previously reported by TeleGeography’s CommsUpdate, in mid-2019 Vivacom majority owner Spas Roussev confirmed that the telco was up for grabs, with Lazard appointed to sell the business, valued at around EUR1.2 billion (USD1.35 billion).

Bulgaria, United Group, Vivacom (BTC)