A buy-back offer by Bulgarian subsidiary of AIG Capital Partners, NEF Telecom, had been accepted by 229 shareholders, controlling a total of 11.21 million shares of BTC, Intellinews reported.

The shares held by the 229 shareholders accounted for 3.9 per cent of BTC's capital or 39.1 per cent of the stake that the offer from NEF Telecom was targeting.

With the buy-back, NEF Telecom would increase its share in BTC to 93.97 per cent, which would not be enough to delist BTC from the Sofia bourse.

AIG Capitals Partners bought 90 per cent of BTC on the local stock exchange for 2.77 billion leva, or 10.7 leva per share. NEF Telecom offered to buy out the remaining 28.66 million shares at 11.3 leva per share.

Net consolidated profit of BTC dropped by 28.9 per cent on the year to 95 million over January to September, while over the same period sales increased by 2 per cent on the year.