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Article: EQT V acquires Eurocom and CableTel - Bulgaria's two leading cable TV operators.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- November 11, 2009
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The total enterprise value of the two transactions amounts to more than EUR 200 million, which sets the deal among the most significant transactions in the sector for 2009.
EQT V, a leading European private equity fund, has agreed to acquire Bulgaria's two leading cable TV operators, Eurocom and CableTel. EQT V intends to merge the two entities, invest into the new company together with CableTel's current shareholder Ron Finley and create a major player in the Bulgarian digital TV and broadband markets.
"We see great potential in the Bulgarian market as both digital TV and broadband are gaining ground fast. With our strong experience in the industry, we ...