BULGARIA - EQT merges Eurocom and CableTel in EUR200m deal

EQT will merge two companies to create Bulgaria's largest TV operator, reaching 500,000 households and generating annual revenues of EUR 70m. Ron Finley, minority shareholder in CableTel, will roll over his 30% stake into the merged entity and invest further equity.

The merger represents EQT's first acquisitive foray into CEE, though it is not the first time it has invested in the media and broadcasting sectors: EQT has previously backed StjärnTV and Com Hem in Sweden, and Kabel BW in Germany.

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• Topics
• Buyouts
• CEE