Bulgaria’s Commission on Protection of Competition has approved Mobiltel’s plan acquire fibre-optic networks Specter Net and Megalan Network.
The total amount of the transaction is worth E83m on a debt free basis, and Mobiltel will pay E72m with its cash…
Bulgaria’s Commission on Protection of Competition has approved Mobiltel’s plan acquire fibre-optic networks Specter Net and Megalan Network.
The total amount of the transaction is worth E83m on a debt free basis, and Mobiltel will pay E72m with its cash flow. It will pay another E14.5m by the end of 2011 depending on performance.
Megalan Networks and Spectrum Net together reportedly had 85,400 access lines at the end of 2009 with E25.3m revenues and E7m EBITDA.
Mobiltel is a unit of Telekom Austria.
