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European Commission clears acquisition of Bulgaria’s Vivacom by United Group
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- Company - About us | VIVACOM.
More information about About Us. The company was acquired by Viva Telecom, a consortium headed by Spas Roussev, its largest shareholder, and various minority investors, including VTB. The deal received merger control clearance from the Bulgarian Commission for Protection of Competition. Various attempts by entities claiming affiliation with the previous majority shareholder to frustrate the enforcement process in Luxembourg have proven futile, and their frivolous allegations have not gained traction with any of the regulators in jurisdictions involved.
Such attempts should be viewed as unfair competitive practices by the previous shareholder, who failed to meet debt obligations.
BTC, which operates under the brand name Vivacom, is the former state incumbent telecommunications operator privatized in