Expats

Bulgaria Defeated in Court by Viva Ventures over Telco Deal [May 16, 2012] Bulgaria has lost a lawsuit against Viva Ventures, a subsidiary of London-based equity fund Advent International, which acquired a 65% stake in the state Bulgarian Telecommunications Company (BTC), in a widely criticized deal in 2004. The International Arbitration Court in Paris ruled that Viva Ventures has abided by its commitments to the telco workforce, as envisaged in the contract for its ... [via YahooNews] More >>

Four Bidders to Vie for Bulgaria's Vivacom - Report [Mar 01, 2012] Three binding bids have already been submitted for Bulgaria's telecom Vivacom and one more is expected within days, local media reports say. Tsvetan Vassilev, the head of Bulgaria's Corporate Commercial Bank, and Icelandic businessman Thor Bjorgolfsson have made bids for Vivacom, heir to the state-owned Bulgarian Telecommunications Company (BTC), Capital daily reported, citing insiders. The ... [via YahooNews] More >>

Four Bidders Said to Eye Bulgaria's Vivacom [Jan 24, 2012] Telekom Austria, Turkey's Turkcell, the head of Bulgaria's Corporate Commercial Bank and Icelandic businessman Thor Bjorgolfsson are interested in the sale of Bulgaria's telecom Vivacom, local media reports say. The potential buyers of debt-laden Vivacom, heir to the state-owned Bulgarian Telecommunications Company (BTC), will be expected to submit bids in a month, but none of them has ... [via YahooNews] More >>

Bulgaria's Vivacom Telco Sells Remaining 50% of NURTS [Jul 21, 2011] Bulgaria's Vivacom telco has sold the last 50% of its transmission company NURTS to Bluesat Partners Ltd for an undisclosed fee. In August 2010, Vivacom sold the other 50% of NURTS to Cyprus-registered Mancelord Limited. Until now, NURTS was a joint venture between the Bulgarian Telecommunications Company, rebranded as Vivacom, and Mancelord Limited. ... [via YahooNews] More >>

Bulgaria to Take to Court Telco Buyer Viva Ventures Again [Mar 29, 2011] Bulgaria is considering once again legal actions against Viva Ventures, a subsidiary of London-based equity fund Advent International, which acquired a 65% stake in the state Bulgarian Telecommunications Company (BTC), in a widely criticized deal in 2004. Viva Ventures paid EUR 230 M for the purchase and another EUR 50 M for a license to establish a third mobile phone operator in Bulgaria. It ... [via YahooNews] More >>

Bulgaria's Phone Company: from State to Private Monopoly [Jul 06, 2010] One thing Bulgaria is unique for in the European Union is the 96 percent fixed-line market share of its main telecommunications company, Vivacom. Its privatisation six years ago failed to bring the expected competition, price falls and technological development. [via YahooNews] More >>