BULGARIA TELCO PRIVATISATION
February 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to lend international private equity group Advent International Euro 10 million, to help it, and an associated consortium, buy 65 per cent of the Bulgarian Telecommunications Company (BTC), which is being privatised. As part of the process, the EBRD also wants to inject Euro 70 million in debt financing into the Bulgarian telecoms company.Its aim, said a bank memorandum, is to see Euro 50 million being invested in the Bulgarian PTT, which "together with internally generated ...
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