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<img src = "https://www.investor.bg/images/photos/0265/0000265596-article3.jpg" alt = "The European Commission has given the go-ahead to 2.8 billion euros. euros estimated for the acquisition of the Scandinavian telecommunications company Telenor in Bulgaria, Hungary, Montenegro and Serbia by the Dutch company PPF Group NV, controlled by Czech billionaire Petr Keller.
Transactions were submitted for verification of compliance with the competition rules on 22 June 2018. The solution is taken shortly before expiry of the tariff expiry period – 27 July This concerns in particular the acquisition of full control on Telenor Bulgaria EAD, the three Hungarian companies Telenor Magyarország Zrt., Telenor Real Estate Hungary Zrt. and Telenor Common Operation Zrt., based in Telenor doo Podgorica and Serbian Telenor doo It should be noted that the listed companies Telenor play it role of mobile operators in the countries concerned "The Commission considered that the proposed transaction would not raise competition concerns. First, the horizontal overlaps will not increase since the companies operate in different territories for which they hold the appropriate telecommunication licenses, "the report states. The EC also concludes that it does not" There will be no problem with the vertical links between wholesale markets for international mobile and fixed service roaming as well as end-user retailing of mobile and fixed telecommunication services in different countries. transaction was announced at the end of March, a ratio between enterprise value and EBITDA of 6.4 times, based on the results for 2017. Both parties agreed to postpone the payment of one. part of the contract price, with 400 million euros of the amount paid in four installments per period (19659004) The Telenor companies in Central and Eastern Europe realized in 2017 a chi Business ffer of about NOK 11.8 billion or 9% of the total Telenor Group business figure. Pre-tax income, interest and amortization (EBITDA) of these companies reached NOK 4.1 billion, or 8% of EBITDA, Telenor has been working in Central and Eastern European countries for 25 years. The company entered the Hungarian market in 1994 by acquiring the local Pannon operator, then expanded its presence in the region by launching a mobile operator in Montenegro in 1996 and in 2006 by acquiring the operator Mobi 063 in Serbia. Telenor Bulgaria buys Globul in Bulgaria in 2013
Shortly before the end of its acquisition by PPF, the investment fund of Petre Keller, Telenor Bulgaria enjoys a steady growth in the number of companies. business, profit and average earnings of . The company's turnover amounted to BGN 175 million in the second quarter of this year, up 7.5% over the same period of 2017. The EBITDA of the period also increased to 68 million. compared to 63 million BGN a year ago, an annual growth of 7.9%, the half-year financial report of the parent company Telenor Group
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