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Turkcell and Telekom Austria eyeing Vivacom

18 January 2012

Owners of Bulgarian operator Vivacom said to be talking to Turkcell and Telekom Austria about takeover

Read more: Vivacom Bulgaria BTC Turkcell Telekom Austria Mobiltel Globul

Turkcell is considering acquiring Bulgarian operator Vivacom, its deputy CEO Koray Öztürkler told Reuters. Öztürkler said that the company’s board is yet to finalise the decision. Vivacom, formerly BTC, is a fixed and mobile operator controlled by PineBridge Investments, a private equity company controlled by Hong Kong investor Richard Li’s Pacific Century Group and chaired by former banker and UK government minister Mervyn Davies.
Meanwhile, Austrian news reports have indicated that Telecom Austria has also expressed interest in Vivacom. Telekom Austria already owns another Bulgarian operator, Mobiltel. The third mobile operator in Bulgaria, Globul, is controlled by Greek incumbent OTE, itself controlled by Deutsche Telekom. GTB

Further reading from Global Telecoms Business: 
Bulgarian operator BTC up for sale 07 Nov 2011
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

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