Sweden-based investment fund EQT is reportedly mulling an exit from the Bulgarian and Macedonian telecoms markets by offloading its stake in cable TV and fixed broadband operator Blizoo. The Capital Weekly reports that invitations to participate in the sale process are expected to be issued this month, with potential bids likely to be submitted in September. According to the article, representatives of the Bulgarian division of Blizoo have reportedly held preliminary discussions with the three major telecoms operators in Bulgaria – MobilTel (M-Tel), Cosmo Bulgaria (GloBul) and Vivacom – but the first named company has been the only one to show interest in bidding for the cableco thus far.
According to TeleGeography’s GlobalComms Database, Blizoo is 99% owned by EQT. Blizoo and its sister operation in Macedonia have a joint subscriber base of over 440,000, whilst together they reported combined sales of EUR57 million (USD76 million) in 2012, with EBITDA of EUR22 million.