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. To support its growth, United Group has partnered with a number of leading global investors. United Group to buy Vivacom November 8, 2019 06.12 Europe/London By Chris Dziadul BC Partners-owned United Group has agreed to buy the Bulgarian incumbent Vivacom … #IstayAtHome . United Group is the leading telecoms and media business operator in South Eastern Europe. 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. In a statement, it says that this follows the approval of the deal by … In a statement, it says that this follows the approval of the deal by … A potential deal comes at the end of a year in which United Group also acquired Bulgaria’s leading telco Vivacom for a reported €1.2 billion. 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. Its market-leading position has been driven by strong understanding of customers’ needs and bringing technological innovations to provide advanced, high-quality services including fibre broadband, mobile communications and digital TV to private and commercial customers. Empreno Has Urged United Group and BC Partners of the Risks Pursuing Acquisition of Vivacom Pending Final Judicial Determination of Ownership Dispute Business Wire LONDON -- … The WTA, a satellite communications trade association, said VIVACOM is no. United Group, the pay TV and cable service provider that operates across countries of the former Yugoslavia, has agreed to acquire Bulgarian telecom operator Vivacom for a reported €1.2 billion. The acquisition will accelerate United Group’s growth, expand its geographic reach and cement its position as the industry leader in the region. 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. United Group has been cleared by the European Commission to acquire Bulgarian operator Vivacom. The Vivacom Acquisition provides United Group with an attractive investment opportunity that strengthens United Group’s scale and leadership across South Eastern Europe, and provides it with material upside potential. 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 … The company was the first telecommunications company in Bulgaria and today provides advanced services including fibre broadband, mobile communications and digital TV to private and commercial customers. 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 … “Žigosani u reketu” on TOP channel as of autumn 2018, United Group announces €100m investment in local content productions, United Group announcing RFP for full-range of next generation CPE. 30.03.2020 Sofia VIVACOM and United Group donate BGN 900,000 to the Ministry of Health to help preventing the spread of COVID-19 in Bulgaria. 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. United Group has completed the acquisition of the Bulgarian incumbent telco Vivacom. 30.03.2020 “For VIVACOM, joining the UNITED GROUP family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. With a clear vision and strategy for the future, United Group has acquired another market leader in the region.”. Vivacom is the largest telecoms operator in Bulgaria. 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. With the acquisition, United Group brings the total number of Southeast Europe countries where it … The announcement of talks were made by United Group owner BC Partners, with the private equity firm confirming that it was in the midst of discussions with Nova owner Advance Media Group. The acquisition will be financed through a combination of new debt and cash on hand at United Group. LONDON-- (BUSINESS WIRE)--Empreno Ventures Ltd, the owner of 43.3% shareholding in V2 Investment Sarl (“ V2 ”), the former sole parent and pledgor of Vivacom, has urged United Group … 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. Amsterdam and London, 7 November 2019: United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator 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. Thanks to great efforts of all, Vivacom has become one of the most successful European telecom companies. BC-backed United Group, Serbia’s largest cable company, is keen to consolidate the Balkan telecoms market and this year completed a takeover of Tele2 in Croatia for €220m. United Group, owned by London-based private equity firm BC Partners, currently offers pay TV, internet and telecommunications services in the six former Yugoslav republics. United Group has sealed a 1.2 billion euros deal ($1.3 billion) to acquire Vivacom, which was put up for sale this year, two sources familiar with the transaction said. Vivacom’s previous majority shareholder, Spas Roussev, would stay on as a member of the telecom’s supervisory board, the media reports said. With Vivacom, we are pleased to acquire a dynamic telecom operator in a vibrant economy and a growing market that enables us to expand our geographic reach across Europe.”, Spas Roussev, Chairman of the Supervisory Board of Vivacom said “This transaction is a great success and a great opportunity for Vivacom, its clients, and more generally for Bulgaria. 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. When United Group announced its acquisition of Vivacom, the largest Bulgarian telecom, United Group was added to the list of defendants in a lawsuit by Empreno Ventures, which disputes the ownership of Vivacom and the sale of the company. Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. United Group has completed the acquisition of the Bulgarian incumbent telco Vivacom. United Group’s VIVACOM ranked among fastest growing providers of satellite services for business customers in the world 17 December 2020 Innovation at the heart of … “For Vivacom, joining the United Group family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. It is the right time to take the next step and we look forward to working and sharing our collective experience with United Group to take our services in Bulgaria to the next level”, commented Atanas Dobrev, CEO of Vivacom. “For Vivacom, joining the United Group family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. 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. “For Vivacom, joining the United Group family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. 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 … Amsterdam and London, 7 November 2019: United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. © 2015 - 2021 United Group B.V. All rights reserved. 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