United Group agrees to buy Bulgaria's Vivacom

SOFIA, Nov 7 (Reuters) - Balkan telecoms and media company United Group, owned by BC Partners, said on Thursday it had agreed to acquire Bulgaria’s leading telecoms operator Vivacom for an undisclosed sum.

Vivacom was put on sale earlier this year and United Group was in exclusive talks to buy the telecoms company, whose enterprise value market sources have estimated at about 1.2 billion euros ($1.33 billion).

“The transaction is expected to close in the second quarter of 2020, subject to conditions, including receipt of applicable anti-trust approvals,” United Group, Vivacom and BC Partners said in a joint statement.


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.