Major ownership changes for Bulgarian cable

By Chris Dziadul

July 29, 2009

Bulgaria’s Competition Protection Commission has approved the sale of the local cable operator Eurocom to the private equity fund EQT V.

According to Novinite, its decision was based on the belief that the improvements that would follow to the cable operator’s services outweighed any competition concerns.

Last April, it was announced that EQT V also planned to take over CableTEL, Bulgaria’s leading cable operator, for an undisclosed fee. That deal, too, has since been approved by the Competition Protection Commission.

EQT V was launched in 2006 and has made investments in mostly Northern Europe. Its committed capital stands at €4.25 billion.