Ljubljana stock indices close in red
Croatian share indices decline, Djuro Djakovic shines
Croatian insurers' premiums paid up 13% y/y in Jan
Foreign tourist visits to Bosnia's Serb Republic up 4.3% in Jan
Sofia stocks lose ground as turnover falls further
Nov 22, 2023 12:43 EEST
November 22 (SeeNews) - Dutch-based United Group has sought approval from Bulgaria's competition authority for its planned acquisition of indirect control of satellite television and broadband Internet provider Bulsatcom and its subsidiaries Bulsatcom - Sales, Internet Group, Powernet and Extrement, the regulator said.
More specifically, United Group is seeking clearance to take direct control of Bulsatcom owner Viva Corporate Bulgaria, the Commission on Protection of Competition (CPC) said in a notice on Friday.
You can subscribe to our M&A newsletter here
The notified transaction is expected to potentially affect the local markets for retail fixed Internet access, wholesale and retail television broadcasting, fixed voice telephony, and satellite services. Third parties will be able submit comments on the planned deal within seven days, the CPC said.
In Bulgaria, United Group owns telecoms operator Vivacom and Nova Broadcasting Group.
Last week, Vivacom rival A1 Bulgaria called on the CPC to intervene in what it sees as an unprecedented consolidation in the media and telecoms market in the country.
Viva Corporate took over Bulsatcom in 2021. The CPC last year opened an investigation into the acquisition following complaints from A1 Bulgaria and local telecoms operator Yettel Bulgaria.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options