Bulgarias Commission for Protection of Competition (CPC) has approved the sale of Bulgarian telecom firm Vivacom, one of the countrys three major carriers. The regulators decision was taken on December 22 2015, but the text of the ruling was not posted until January 8.
Vivacom was put for sale after its parent company, Luxembourg-registered InterV, defaulted on a 150 million euro loan from VTB Capital, the investment unit of Russian bank VTB. It was sold at an auction, with businessman Spas Roussev acquiring control of the company for 330 million euro, reports in local and international media said …
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