Mobiltel, a subsidiary of Telekom Austria Group has agreed to acquire 100% of blizoo, the leading cable operator in Bulgaria from EQT V. blizoo Bulgaria covers 1.3 million households with an estimated 8% share in the fixed broadband market and 11% share in the TV market. The Operator currently has approximately 373,000 subscribers on its hybrid coaxial network that provides fixed voice, broadband and TV products via DOCSIS 3 technology.
blizoo posted EUR 47 million in revenues last year and its EBITDA amounted to approximately EUR 19 million.
Alejandro Plater, CEO Telekom Austria Group
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.
Thanasis Katsiroumpas, CEO Mobiltel Bulgaria
This move opens a broad range of exciting opportunities for Mobiltel and strengthens our fixed-line portfolio. We are looking forward to a positive decision of the authorities as the acquisition would contribute to a better market environment and higher investments in the Bulgarian economy.