Telekom Austria signs deal to acquire blizoo Bulgaria

Telekom Austria announced that its subsidiary Mobiltel has signed a deal with EQT V to acquire blizoo, the second largest fixed-line operator in Bulgaria.

“The acquisition of blizoo is another step to further develop our challenging Bulgarian market. We see a huge growth potential together with Mobiltel in the strongly rising fixed-line segment, which will be ultimately beneficial for our Bulgarian customers,” said Alejandro Plater, CEO of Telekom Austria Group.

blizoo Bulgaria is the second largest fixed-line operator in Bulgaria and has an 8 percent share in the fixed broadband market and an 11 percent share in the TV market, according to Telekom Austria Group estimate. The company currently has 373,000 subscribers which obtain fixed voice, broadband and TV products via DOCSIS 3 technology. blizoo Bulgaria covers 1.3 million households in the country.

blizoo Bulgaria posted approximately EUR 47 million revenues and EUR 19 million EBITDA in 2014.

editor@telecomlead.com

Latest

More like this
Related

Telefonica CEO Marc Murtra starts strategic overhaul aimed at growth

Telefonica, under its new CEO Marc Murtra, is executing...

Power supply now the decisive battleground for mobile network resilience

The April 28 Iberian grid collapse exposed a sobering...

Telco Capex trends show strategic realignments amid investment slowdown

The global telecommunications sector witnessed a notable decline in...

Vodacom appoints Mohamed Abdallah as CEO of International Markets and Vodafone Egypt

Vodacom Group has announced the appointment of Mohamed Abdallah...