Free Trial

Global Telecoms Business
Global Telecoms Business Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.

Bulgarian operator BTC up for sale

07 November 2011

Creditors appoint Morgan Stanley to sell off Bulgaria’s debt-laden incumbent BTC

Read more: BTC Bulgaria private equity Morgan Stanley Oger

Bulgarian Telecommunication Company, which is owned by a private equity consortium represented by PineBridge Investments, has again been put up for sale. The firm’s creditors have appointed Morgan Stanley as consultant as they look to offload the debt-laden operator, according to Capital Daily.
A similar sale had been commenced earlier, but was blocked due to disputes between shareholders and owners. Oger Telecom has expressed interest in BTC. Oger was close to an agreement to buy BTC the last time it was on sale. Investors have until November 30, to express their interest to the deal.
According to Capital Daily, the ownership change will require approval from the financial regulator, as BTC trades on the Bulgarian Stock Exchange. GTB

Further reading: 
Bulgaria opens tender for 3G licence 04 Oct 2011
Bulgaria's Vivacom in talks about €1.5bn debt 14 Jun 2010
Bulgaria's Vivacom picks Alcatel-Lucent 17 Feb 2010 
Private equity investing in central Europe 01 Jul 2004

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related Articles