Telekom Austria announced that its subsidiary Mobiltel has signed a deal with EQT V to acquire blizoo, the second largest fixed-line operator in Bulgaria.
“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 Alejandro Plater, CEO of Telekom Austria Group.
blizoo Bulgaria is the second largest fixed-line operator in Bulgaria and has an 8 percent share in the fixed broadband market and an 11 percent share in the TV market, according to Telekom Austria Group estimate. The company currently has 373,000 subscribers which obtain fixed voice, broadband and TV products via DOCSIS 3 technology. blizoo Bulgaria covers 1.3 million households in the country.
blizoo Bulgaria posted approximately EUR 47 million revenues and EUR 19 million EBITDA in 2014.