Diema

United Group, a leading provider of telecommunications services in Southeastern Europe, officially announced that an agreement has been reached for the purchase of the largest Bulgarian multiplatform media company Nova Broadcasting Group from Advance Media Group. The deal is expected to be closed in early 2021 once all necessary regulatory approvals are obtained.

Sweden-based entertainment conglomerate Modern Times Group, MTG, announced on Monday that it is to sell 95 per cent of the shares in Bulgaria's Nova Broadcasting to PFF, a firm owned by Czech billionaire Peter Kellner, for 185 million euros.

The Swedish Modern Times Group (MTG) has sold the Nova Broadcasting Group to the Czech PPF Group, both sides said on Monday. The company, which is under the control of billionaire Petr Kellner, specializes in banking and financial services, but also in telecoms, real estate and biotechnology.

Bulgaria's competition watchdog has fined pay-TV services provider Bulsatcom for its failure to provide customers with exact information on a new promo package it is offering.