Vivacom to acquire the cable operator N3
Source: SeeNews; Commercial Register; FFBH
Bulgarian telecom operator Vivacom, a subsidiary of United Group, has reached an agreement to acquire Plovdiv-based cable operator N3. The deal is subject to regulatory approvals. N3 offers digital TV and broadband internet access in Bulgaria's second-largest city of Plovdiv. The deal price was not disclosed. Please, recall that United Group entered the Bulgarian market in 2020 with the acquisition of Vivacom. In January 2021 United Group completed the acquisition of TV and media outlet, Nova Broadcasting Group, and announced a deal to acquire Bulgaria’s Vestnik Telegraf EOOD newspaper. On Feb 12, 2021 United Group announced a deal to acquire Bulgaria’s Net1 and ComNet Sofia.
2019 sales of N3 amounted to BGN 5.9m, +4.6% YoY while net income surged by 83.5% YoY to BGN 1m.