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11 May 2012Blizoo (ex CableTEL)

CableTEL is the leading DOCSIS based cable operator in Bulgaria with the largest national coverage. The company was founded in 2003 by a group of 20 US-based and Bulgarian investors. In October 2008, Warburg Pincus, through its Dutch-based company FN Cable Cooperatief, received approval from Bulgaria's anti-trust regulator to acquire CableTEL. However due to the financial crisis it failed to finance the acquisition.

In October 2009, CableTEL together with another Bulgarian cable operator Eurocom, was acquired by a private equity fund EQT V. In May 2010, Eurocom and CableTEL were rebranded as Blizoo. As of May 2011, Blizoo claimed a 40 per cent share of the cable market.

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Taken from: Operator Profiles: Bulgaria
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