Vivacom buys landline-based providers Net1, ComNet Sofia, N3

Vivacom has finalised a series of deals to acquire 100% of the capital of landline-based internet and TV providers Net1, ComNet Sofia and N3 after securing approval from the relevant regulators. The acquisitions are part of the strategy of the company - now part of United Group, a leading telecommunications and media operator in Southeastern Europe - to expand its network of landline services for homes and businesses.

Prior to the deals, Net1, ComNet Sofia and N3 had been growing mostly as regional landline-based operators. Their well-developed infrastructure and knowledge of the local market will be a valuable resource to Vivacom in its bid to strengthen its leading position on the market.

At the same time, their clients will soon gain access to the innovative platform EON, which combines TV services offering a wide range of exclusive content and modern features with superfast internet through the operator's 10 Gbps fibre-optic network.

Customers will now have the chance to take advantage of great mobile service offers and so have the convenience of getting all their communications solutions from a single provider.

Similar articles

  • Bulgarian investor builds smart plant near Plovdiv

    Bulgarian investor builds smart plant near Plovdiv

    The construction of BGN 40 million production plant for aluminium profiles, the largest on the Balkans, has started in Trakia Economic Zone. Minister of Economy Lachezar Borisov presented a Class A investment certificate to Zdravko Linkin, chairman of the board of directors of Interlink Group AD. This happened on 31 March at the turning of the first sod of a high-tech plant for aluminium profiles in Maritsa Industrial Zone, which is part of Trakia Economic Zone.

    296
  • Fitch raises Bulgaria's credit rating

    Fitch raises Bulgaria's credit rating

    The global credit rating agency Fitch Ratings raised from stable to positive the outlook over Bulgaria's Long-Term Foreign-Currency and Local-Currency credit rating. The country's BBB rating was affirmed. This was announced by the Ministry of Finance's press centre.

    309
  • Bulgaria's macroeconomic indicators are very good

    Bulgaria's macroeconomic indicators are very good

    Budget deficit is 3% and unemployment rate is 5%, says Economy Minister Lachezar Borisov

    Bulgaria is among the few countries in which there is growth in consumption and rising incomes during the coronavirus crisis. This was stated by Minister of Economy Lachezar Borisov during the virtual Economist event entitled EU Recovery and Resilience Fund for Bulgaria's Transition: Innovation - Green Agenda - Digital Transformation. Bulgaria's public debt is among the lowest, the budget deficit for 2020 is 3%, and the unemployment rate in the country is 5% according to data by the National Statistical Institute and 7% according to data by the Employment Agency, he added.

    385