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Sweden - Southeast Europe News Site

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to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

Group of EU investors takes control over Bulgaria´s Vivacom

Bulgaria Posted on Fri, March 20, 2015 13:03:56

LIC33, a group of companies gathering European Union investors specialized in emerging markets and distressed situations, takes over a majority stake in Vivacom and other leading companies in Bulgaria.
VIVACOM (Виваком) is the brand name of the Bulgarian Telecommunications Company EAD (BTC), the largest telecommunications company in Bulgaria and a former state-owned monopoly.
The former owner has irrevocably sold the assets against a commitment from the investor to refinance all debts due to the various banks vested in the situation. The initial estimation of the consolidated debts to be refinanced is EUR 900mln.
The recent transaction is waiting for regulatory approvals and the new investors have already started the refinancing efforts along with the re-structuring efforts -with a view to stabilize the situation.
The former owner did not keep any interest in the assets LIC33 acquired.
Vivacom is the largest telecom operator in Bulgaria and posted EBITDA of EUR 175 mill in the year of 2013.
A press conference will take place at the Hilton in Sofia Tuesday 24th March 2015. More in the LIC33 pressrelease here.



Sweden´s Tele2 makes huge investment to cover Croatia with 3G

Croatia Posted on Fri, March 20, 2015 11:36:57

Tele2 of Sweden has announced large investments into its Croatian mobile network. The investments are focused on making 3G available on all sites across the network, as well as adding additional sites to improve the population coverage.
The network upgrade will be done in partnership with Huawei (hey, where is Ericsson?) and the selected Single-RAN Wireless network solution is flexible and future-proof. It enables upgrades of capacity and speeds as well as the possibility of future extension into 4G.
Niklas Sonkin, EVP Central Europe and Eurasia at Tele2 AB, comments: “In December, Tele2 Croatia secured an additional 15 MHz of spectrum in the 1800 MHz band. The announced investment into new 3G technology comes as a natural next step and will bring our customers substantial improvements in terms of coverage and network quality. This at a time when the smartphone penetration and data usage in Croatia is set to grow significantly.” REad more here.

Maybe time for “Frank” to brush up his Croatian now. Hope he manages that better than his Swedish:)

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