Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. Vivacom was put up for sale earlier this year, and United Group has negotiated the acquisition of the telecommunications company, whose assets are valued at around € 1.2 billion. United Group has sealed a 1.2 billion euros deal ($1.3 billion) to acquire Vivacom, which was put up for sale this year, two sources familiar with the transaction said. 27 September 2018. Vivacom provides services to over 1.8 million unique customers. When United Group announced its acquisition of Vivacom, the largest Bulgarian telecom, United Group was added to the list of defendants in a lawsuit by Empreno Ventures, which disputes the ownership of Vivacom and the sale of the company . The … BC Partners-owned United Group has agreed to buy the Bulgarian incumbent Vivacom for a reported €1.2 billion. Vivacom has been the largest domestic operator in Bulgaria in terms of revenues for the last seven years. United Group, the leading telecommunications and media operator in Southeast Europe, announced on July 31 that it had completed its acquisition of Vivacom. With the commission satisfied that the deal will not create issues around competition in the market, United Group will become the sole controller of Vivacom’s parent firm, Viva Telecom Bulgaria. This acquisition marks the second transaction since New York and London headquartered investment firm BC Partners’ March 2019 acquisition of United Group, in what was one of the largest ever transactions for the region. Second large-scale acquisition within nine months of BC Partners’ ownership Consolidates United Group’s position as the leading telecoms and media operator in South Eastern Europe. In March 2019, it became majority-owned by BC Partners, a leading global investment firm, which has completed 116 acquisitions with a total enterprise value of €145 billion and … The acquisition will be financed through a combination of new debt and cash on hand at United Group. United Group, leading multi-play telecoms and media provider in South East Europe, provides customers with a full range of telecommunications services. The acquisition marks the second … United Group has a great track record in acquiring and successfully integrating businesses, with more than 100 acquisitions since our inception.”, Nikos Stathopoulos, Partner at BC Partners commented, “When we invested in United Group, we identified its business model, technology and regional leadership as key drivers for organic growth, accelerated by acquiring and integrating local companies. BC Partners-Owned United Group Acquires Vivacom. Founded by Mr Šolak and family in 2000, the company grew organically and through acquisitions into one of the biggest companies in the region with over EUR 600 million in revenues, employing 4,000 people across 6 … United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. Schoenherr is reporting that the United Group's EUR 1.2 billion acquisition of Vivacom (Bulgarian Telecommunications Company EAD), the largest telecom operator in Bulgaria — the deal that was signed in November 2019 and won CEE Legal Matters' 2019 Deal of the Year for Bulgaria — has closed. On November 7, 2019, United Group announced the Vivacom Acquisition. In a statement, it says that this follows the approval of the deal by … United Group, the leading telecommunications and media operator in Southeast Europe, majority owned by BC Partners, completed its acquisition of Vivacom. 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