Telekom Austria to acquire blizoo

Telekom Austria to acquire blizoo

Telekom Austria’s Bulgarian subsidiary Mobitel has agreed to acquire cable operator blizoo Bulgaria from EQT V.

blizoo is the second largest fixed-line operator in Bulgaria and is estimated to have an 8% share of the fixed broadband market and an 11% share in the TV market.

Telekom Austria hopes the acquisition will improve its performance in the challenging Bulgarian market, which it highlighted in its first half results for 2015 last week.

The acquisition follows the appointment of Alejandro Plater as CEO earlier this week.

“The acquisition of blizoo is another step to further develop our challenging Bulgarian market. We see a huge growth potential together with Mobiltel in the strongly rising fixed-line segment, which will be ultimately beneficial for our Bulgarian customers,” said Plater.