United Group has completed a deal to acquire Bulgaria's largest telecom, BTC. Earlier this year, United Group also acquired TELE 2 Croatia. The deal for the Greek TV and internet provider FORTHNET is about to be finalized, too.
The company will end 2020 with over 10 million users and over 11,000 employees. The European Commission approved the acquisition in April. According to the Financial Times, the deal for Vivacom is worth 1.2 billion euros, making it the largest in Bulgaria's corporate history. Just over 50% of United Group is owned by the Serbian BC Partners, investor.bg recalls. United Group, which is present in all former Yugoslav republics, said it would invest in the renovation of BTC.
As part of the European Union, Bulgaria will join the EU’s decision to terminate in the short term - in 2026 - contracts for the use or transit of Russian natural gas, Prime Minister Rosen Zhelyazkov said in New York, where he is attending the annual..
A strike at the Bulgarian National Television (BNT) over low pay has been postponed, reported BTA. Following a series of meetings on Tuesday, BNT's management stated that it respects the right to protest but clarified that it must comply with the..
The Appellate Court- Sofia has ordered that the Mayor of Varna, Blagomir Kotsev, remain in custody permanently. According to Judge Stefan Iliev, there is a reasonable presumption that Kotsev committed the crimes he is charged with. The judge..
On Wednesday at dawn, temperatures will range between 8 and 14°C , and up to 18°C along the Black Sea coast. In Sofia, it will be around 9°C. In the..
The Bulgarian Foreign Ministry is monitoring the case of Lyubomir Kirov, a dual Bulgarian-Ukrainian citizen who has reportedly been mobilised in Ukraine..
Underwater excavations near Cape Kilik in Bulgaria’s Avren municipality have revealed evidence of a harbour dating back to the early 1st millennium BC...
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