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Banks agree to buy Bulgaria's Vivacom

Posted By TelecomTV One , 09 August 2012 | 0 Comments | (0)
Tags: Bulgaria Turkcell Telekom Austria BTC

Russia's VTB Bank and Bulgaria’s CCBank have agreed to take over Vivacom. By Anne Morris.

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The two banks have reached agreement on the acquisition of Bulgarian fixed and mobile operator Vivacom, which carried debt of €1.65 billion, quashing any hopes that Turkcell and Telekom Austria may have had of buying the former Bulgarian Telecommunications Company (BTC).

 
FierceWirelessEurope Banks agree to buy Bulgaria's Vivacom, TelecomTV content partner. 
 

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