Eurocom Cable Management Bulgaria To Acquire Two Peers

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Eurocom Cable Management Bulgaria To Acquire Two Peers

Bulgaria's Commission for Protection of Competition (CPC) has given green light to Eurocom Cable Management Bulgaria (ECMB) to acquire cable operator OSG Intercom and 100% of the registered capital of Intercom Bor Sat, both based in Plovdiv.

Intercom Bor Sat owns 50% of the capital of Eurocom Chirpan also of Plovdiv. Eurocom Cable Management Bulgaria is owned by Dutch company FN Cable Holdings B.V., which is controlled by the Warburg Pincus group.

The deal is part of ECMB's overall development strategy and will affect the cable TV and Internet services markets.

The planned concentration of economic activity will not result in the obtaining of a dominant position on the market by any of the participants in the deal, according to the CPC.

There is effective competition in the sector, while the obstacles for new participants willing to enter the market are surmountable.

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