united group, vivacom

United Group has completed the acquisition of the Bulgarian incumbent telco Vivacom. United Group completes Vivacom acquisition July 31, 2020 United Group, a telco and media operator in Southeast Europe, majority owned by BC Partners, has announced the completion of its acquisition of Vivacom. United Group, owner of Vivacom, is a leading telecommunications and media operator in Southeastern Europe, based in Amsterdam. This acquisition marks the second transaction since New York and London headquartered investment firm BC Partners’ March 2019 acquisition of United Group, in what was one of the largest ever transactions for the region. The acquisition follows United Group’s purchase of Tele 2 Croatia earlier this year, and comes ahead of its planned acquisition of Greece’s pay TV, telecom and Internet provider Forthnet. 11.07.2018“Žigosani u reketu” on TOP channel as of autumn 2018, 20.07.2018United Group announces €100m investment in local content productions, 07.09.2018United Group announcing RFP for full-range of next generation CPE. The WTA, a satellite communications trade association, said VIVACOM is no. Vivacom is the largest telecoms operator in Bulgaria. The acquisition will be financed through a combination of new debt and cash on hand at United Group. United Group’s Bulgarian operator VIVACOM is among the top five fastest growing providers of satellite services for business customers in the world, according to the World Teleport Association (WTA). In a statement, it says that this follows the approval of the deal by … This follows the approval of the deal by the European Commission in April 2020 and the signing of the agreement in November 2019, when United Group won the tender to acquire the leading telecommunications company in Bulgaria. We have built a strong brand, synonymous with quality and innovation, and a modern company with over 5,000 loyal employees across the country. Paul, Weiss is representing BC Partners-owned United Group, the leading telecoms and media business operator in South Eastern Europe, in its acquisition of Vivacom. Netherlands-based United Group appeared to have won the race to acquire Bulgarian operator Vivacom, which was put up for sale in July following a lengthy ownership battle.. Financial Times (FT) reported United Group could finalise a takeover within a fortnight, though Bulgarian weekly Capital stated it was already a done deal.FT stated Vivacom was expected to be valued at around €1.2 … With the acquisition, United Group brings the total number of Southeast Europe countries where it … United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. United Group has been cleared by the European Commission to acquire Bulgarian operator Vivacom. Vivacom will play a big role in the future development of United Group, their leading regional telecom and media platform.”. Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. Victoriya Boklag, United Group CEO, said: “Vivacom established its number one position in Bulgaria with excellent management, impressive financial results, technological advancements, and remarkable team collaboration. Vivacom was put up for sale in July 2019 and United Group agreed to take it over four months later, stating Bulgaria was “an attractive market” which would allow the group to diversify its offerings. The acquisition will accelerate United Group’s growth, expand its geographic reach and cement its position as the industry leader in the region. Η VIVACOM, o βουλγαρικός πάροχος μέλος της United Group, μητρικής εταιρείας της Forthnet, βρίσκεται μεταξύ των πέντε ταχύτερα αναπτυσσόμενων παρόχων δορυφορικών υπηρεσιών για επιχειρήσεις σε παγκόσμιο επίπεδο, σύμφωνα με το World Teleport Association (WTA). Vivacom was the first telecommunications company in Bulgaria and has been the largest domestic operator in terms of revenues for the last seven years. Schoenherr is reporting that the United Group's EUR 1.2 billion acquisition of Vivacom (Bulgarian Telecommunications Company EAD), the largest telecom operator in Bulgaria — the deal that was signed in November 2019 and won CEE Legal Matters' 2019 Deal of the Year for Bulgaria — has closed. United Group closes deal to acquire Bulgarian telecom Vivacom Written by The Sofia Globe staff on July 31, 2020 in Business - Comments Off Dutch-registered telecoms and media company United Group said on July 31 that it has closed the deal to buy Vivacom, one of … Victoriya Boklag, CEO of United Group, said, “Vivacom is a well-run company with strong management and I am excited at the opportunities we have to build an even stronger business. “For Vivacom, joining the United Group family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. © 2015 - 2021 United Group B.V. All rights reserved. Founded by Mr Šolak and family in 2000, the company grew organically and through acquisitions into one of the biggest companies in the region with over EUR 600 million in revenues, employing 4,000 people across 6 … Operating in both the telecoms and media sectors, the United Group platform combines the leading operators and best content producers in Southeast Europe and will finish the year with over 10 million users and over 11 thousand employees. With the acquisition will enable us to diversify the Group further said is! Group welcomes Vivacom – the largest domestic operator in Southeast Europe, based in Amsterdam COVID-19... Company, has officially become part of the Bulgarian incumbent telco Vivacom and CMS acted as financial advisor to seller!, another successful telecommunications company in Bulgaria a big role in the ”... Financed through a combination of new debt and cash on hand at United Group donate BGN to! 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