United Group, a leading provider of telecommunications and media services in Southeast Europe, has successfully completed the acquisition of Bulsatcom, a provider of direct satellite television and broadband Internet in Bulgaria.
The Telemach company and its services EON and Total TV operate within the United Group in Montenegro, and media content is broadcast by Nova M television and Vijesti media house.
The acquisition is part of United Group's long-term strategy to expand and strengthen its market presence in the region and drive innovation towards a digital, connected society.
"We are very happy to have successfully completed the acquisition of Bulsatcom. This step will enable us to further grow in this important market and accelerate innovation in the region. This acquisition complements our portfolio and brings additional benefits to existing and future users in Bulgaria," said Viktorija Boklag. , CEO of United Group
"The successful closing of the Bulsatcom acquisition is good news for consumers in a highly fragmented market like Bulgaria. We will be able to significantly improve the quality of television service for Bulsatcom customers. This means more HD channels for them and access to over 30.000 titles in the EON video library ", the leading television platform in South-Eastern Europe. Also, the quality of their Internet service will significantly increase in terms of data download and sending speed," said Nikolai Andreev, executive director of Vivacom and Bulsatcom.
United Group entered the Bulgarian market in 2020 with the acquisition of Vivacom. Since then, the Group has taken several significant steps to strengthen its presence and lead innovation in the market. Among United Group's achievements are the development of the largest 5G network in the country and the launch of the first 10 GIGA optical fiber network system. United Group also provided Bulgarian customers with the first unlimited 5G tariff packages and access to the award-winning EON TV platform.
About United Group
United Group, based in the Netherlands, is the leading telecommunications and media operator in Southeast Europe. Active in eight countries, the company has almost 16 million users and 15.000 employees. It generates more than 2,7 billion euros in annual revenue. United Group has the widest network coverage in the region and offers users the most attractive selection of TV content from around the world. Significant investments in digital infrastructure, content and technology ensure the excellence of the products and services it provides to users. United Group is majority owned by BC Partners, one of the largest global investment companies, since March 2019.
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