Fri, Feb 10 2012

Evrokom gets regulatory nod to buy small Sofia-based cable operator

Thu, Aug 07 2008 19:47 CET

bydnevnik.bg

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Bulgaria's anti-trust regulator said it has approved the take-over of Insight Com, a Sofia-based Internet and cable TV provider, by cable operator EvrokomCable MB. The deal price was not disclosed.

The Commission for the Protection of Competition (CPC) said its research indicated that Insight Com has only a token share of the Sofia market. Insight Com operates in Sofia's Nadezhda residential district.

Insight Com is the latest asset targeted for acquisition by Evrokomin 2008, but Evrokomboard director Petyo Staikov declined to say the net additions that the deal would make to the Evrokomsubscriber base.

In January, Evrokomwon regulatory approval to buy satellite TV provider ITV Partners but the deal was never finalised. The cable operator later bought the networks of five regional peers in Gabrovo, Pazardjik and Kyustendil and two in Plovdiv.

The biggest deal in the making, a merger with rival CableTEL, is pending regulatory approval.

In July, the CPC said it was launching an anti-trust probe because the data is had at its disposal suggested the deal could create a monopoly on the paid TV segment.

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