Sistema eyes BTC, papers say

12 Feb 2007

Russian holding company Sistema is interested in acquiring Reykjavik-based Novator’s 65% stake in Bulgarian Telecommunications Company (BTC), reports Russian newspaper RBK Daily. According to RBK, Sistema denied negotiations with BTC were taking place, but admitted that its intentions to enter the Eastern European region were firm. Bulgarian media had earlier reported that 20 investors were interested in buying BTC but that none had yet offered a sufficiently attractive deal to the Icelandic owner.

Bulgaria,Vivacom (BTC),



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.