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Telekom Austria Buys Two Bulgarian Cable Operators

Published: September 15, 2010; 14:30 · (Vindobona)

Telekom Austria buys two cable operators in Bulgaria: Megalan Network and Spectrum Net. The two companies are worth 83 million euro free of debt; Telekom will pay about 72 million through Mobiltel.

Telekom Austria Buys Two Bulgarian Cable Operators / Picture: © Telekom Austria Group

The Telekom Austria Group is buying 100% of the shares of two Bulgarian cable operators: Megalan Network and Spectrum Net AD. The entire debt free business value for both companies will amount to 83.0 million euro, the company announced. The Bulgarian Competition Authority has yet to approve the acquisition.

The Telekom Austria Group will acquire both operators through its…

This article includes a total of 197 words.

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