Sweden-owned private equity fund EQT V announced it signed the agreements on the acquisition of the local cable TV operators CableTel and Eurocom. The value of the deals for 70% of CableTel and 100% of Eurocom is more than EUR 200mn. As recalled, earlier this year the company announced its intentions to acquire the two cable operators and the competition protection commission gave its consent to the two deals in May and July. The seller of the 100% of Eurocom was the US-based private equity fund Warburg Pincus and 70% of CableTel was bought from businessperson Gene Phillips. EQT V said it would merge the two acquired companies to set up the country’s largest company offering paid TV and broadband internet. The new company, which name is to be announced early next year, will continue to offer also fixed-line phone services and interactive digital television. EQT V plans to invest EUR 90mn in the development of the company, which revenues are estimated to reach EUR 70mn annually. It will offer its services to some 500,000 subscribers in 90 settlements in Bulgaria and Macedonia . According to companies’ estimates’, CableTel controls 13% of the line market in the country while the market share of Eurocom is estimated at 12%. The new company is expected to control also 13% of the broadband internet market in the country and 2% of the fixed-line telephone services.