Kambourov & Partners is pleased to announce that it has been awarded the 2019 CEE Deal of the Year Award for Bulgaria for its work on Vivacom's sale to United Group B.V. This is the most significant deal on the local market in recent years and among the most important ones for the CEE region as a whole.
Vivacom is the largest telecoms operator in Bulgaria, providing advanced services, including fibre broadband, mobile communications and digital TV, to over 1.8 million private and commercial customers. The buyer United Group is the leading telecoms and media business operating in South Eastern Europe. The transaction is financed through a combination of new debt and cash on hand at United Group. According to Vivacom's management, the transaction is "a great success and a great opportunity for Vivacom, its clients, and more generally for Bulgaria."
The Deal of the Year Award by CEE Legal Matters is a huge recognition for Kambourov & Partners' team, which assisted Vivacom throughout the complex transaction involving its entire TV, mobile and internet business.