TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Telekom Austria Group

Tracker

Bulgarian subsidiary Mobiltel acquires cable operator blizoo Bulgaria

Via Telekom Austria Group

Jul 30, 2015

Vienna, 29 July 2015

Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that its Bulgarian subsidiary Mobiltel has agreed with the seller EQT V to acquire 100% of the cable operator blizoo Bulgaria.

blizoo is the second largest fixed-line operator in Bulgaria and has an 8% share in the fixed broadband market and an 11% share in the TV market (Telekom Austria Group estimate). The company currently has approximately 373,000 subscribers, which obtain fixed voice, broadband and TV products via DOCSIS 3 technology. In total blizoo Bulgaria covers 1.3 million households.

In 2014 revenues and EBITDA amounted to EUR 47 mn and EUR 19 mn respectively. As agreed between the parties, details regarding the purchase price will not be released.

Telekom Austria Group will finance the transaction via existing cashflow. The closing is expected for Q4 2015. The transaction is subject to merger control clearance.

**Disclaimer for forward-looking statements: ** This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as "believe", "intend", "anticipate", "plan", "expect" and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither Telekom Austria nor any other person accepts any liability for any such forward-looking statements. Telekom Austria will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of Telekom Austria.

Related Topics
  • Access Evolution,
  • Announcement,
  • Broadband,
  • Device Software & Apps,
  • Digital Platforms & Services,
  • Europe,
  • Finance & Banking,
  • News,
  • Telekom Austria Group,
  • Tracker

More Like This

Cloud Native

DZS Acquires Network Orchestration and Software Automation Innovator RIFT

Mar 4, 2021

Access Evolution

Ciena reports fiscal first quarter 2021 financial results

Mar 4, 2021

Digital Platforms & Services

Digital Realty lays out industry manifesto for enabling connected data communities

Mar 4, 2021

5G

ZTE and China Telecom jointly launch Sichuan's first "5G + VR" system

Mar 4, 2021

Access Evolution

Virgin Media trials Infinera’s cutting edge multi-gigabit network technology

Mar 3, 2021

This content extract was originally sourced from an external website (Telekom Austria Group) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

18:24

How Zoom evolved in the pandemic era

26:24

Red Hat and HPE discuss how to support open multi-vendor 5G network slices

14:28

How RADCOM is helping Rakuten Mobile run its innovative 5G network

8:33

Monetizing innovative telco edge services

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices