At least four offers for Bulgaria's BTC

At least four offers for Bulgaria's BTC

The creditors and owners of the Bulgarian Telecommunication Company (BTC) along with sales consultants, will probably consider at least four offers for the company, media reports say.

BTC is still waiting for the offer of its only strategic investor, Turkcell, which has been delayed due to logistic reasons.

The other investors include a group focused around Tsvetan Vassilev, majority owner of Corporate Commercial Bank, with the investment branch of Russian VTB as consultant.

According to sources cited by Capital Daily, the other key financial investors interested in BTC are the former owner of the telecommunication company, Thor Bjorgolfsson, together with Greek investor Panos Germanos, and a Spanish fund from the Pamplona group, the daily said, according to local news agency Focus.