NNDKP Assisted Insight Enterprises in Acquiring Amdaris, a European Technology Company

October 2023  Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted Insight Enterprises, a Fortune 500 Solutions Integrator focused on driving client success through digital transformation, in acquiring Amdaris, a software development and digital services company based in the UK, with service delivery centers located in several Eastern European countries. As part of the acquisition process, NNDKP assisted the law firm Armstrong Teasdale in London, the European counsel of Insight Enterprises, in carrying out a due diligence check over the…

Investment of United Group in Bulgaria

May 2023 United Group BV plans to allocate EUR 600 million to strengthening its business in Bulgaria over three years. This was announced by the group’s CEO Victoriya Boklag in March 2023. The company is leading multi-play telecoms and media company in Southeast Europe, owner of Bulgaria’s telecom operator Vivacom and multi-platform media company Nova Broadcasting Group. Investments will be related to the coverage and capacity of Bulgaria’s mobile and optical networks and in high-quality products based on the latest technologies such as the 5G high-speed home internet.

Giant Ericsson Plans to Build a Large-Scale 5G Device Factory in Romania

October 2022 Swedish group Ericsson plans to build a factory in Romania where 5G devices will be manufactured. This will be the first production unit developed by the Swedes from scratch on the local market. Ericsson is now looking for build-to-suit solutions on the real estate market for an approximately 30,000 square metre space necessary for a new factory to manufacture radiant systems based on 5G technology.

Possible Sale of Telekom

January 2022 There have been several attempts to sell the state’s share in the telecommunications operator Telekom Slovenije, but they have all fallen through and the state still owns a 73.5% share of the company. The Annual Capital Assets Management Plan for 2022, recently prepared by the state’s capital assets manager Slovenian Sovereign Holding (SSH) and sent to the government for approval, mentions the adoption of a decision regarding the capital investment in Telekom among the most important activities in 2022. It also plans to conduct an analysis of the industry, the competition, possible…

HCC’s Interim Report of the Sector Inquiry Into Fintech

January 2022 Author: Ifigeneia Argyri, Kyriakides Georgopoulos Law Firm On 22 December 2021, the Hellenic Competition Commission (‘HCC’) published the Interim Report[1] of the Sector Inquiry (‘SI’) initiated pursuant to article 40 of Law 3959/2011, on the financial technologies sector[2] (‘FinTech’). This was in cooperation with the Bank of Greece (BoG), further to a public consultation on October 30th, 2020, and the sending of an online questionnaire to 153 companies active in the provision of the financial technologies sector, both traditional (i.e. banks) and start-up providers. Whilst…

NNDKP Assists Tech Mahindra in the Acquisition of the Allyis Group

January 2022 NNDKP assisted Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services, in a multi-jurisdictional transaction, regarding the acquisition of the Allyis group. The total value of the transaction is estimated at USD 125 million. NNDKP provided assistance on the Romanian law aspects regarding the local entity and was involved in all stages of the project, including in the due diligence analysis and various other aspects relevant to the project, in the review and negotiation of the relevant documents from a Romanian law perspective,…

BOYANOV & Co. and KALO & ASSOCIATES Advised Albania Telecom Invest and One Telecommunications SHA

BOYANOV & Co. and KALO & ASSOCIATES advised Albania Telecom Invest and One Telecommunications SHA on the refinancing of a EUR 48.5 million acquisition loan from First Investment Bank used by ATI in 2019 to acquire a controlling stake in One from OTE.

Restructuring in Bulgarian TV Operator Bulsatcom

In November 2020, the investment company Integral Venture Partners, which is financed by the EBRD and the EIB, announced its investment across the capital structure of the largest Bulgarian pay-TV and broadband operator Bulsatcom. The terms of the investment were not disclosed. Аfter the current investment, publicly available resources indicate that the next stage in the development of Bulsatcom may be its sale. In 2019, Bulsatcom booked BGN 158.3 million (approximately EUR 80.7 million) revenue, negative EBITDA of BGN 83 million (approximately EUR 42.3 million) and a net loss of BGN 122.8 million…

Quarterly Competition Law Bulletin by KDK Law Firm - 2020 Second Quarter

As we left behind the second quarter of 2020, we are publishing this bulletin which consists of recent competition law developments in Turkey and the Competition Board’s notable decisions in this period

Possible IPO of the National Telecom Company

The Serbian Minister of Finance stated that one public company may be listed on the Belgrade Stock Exchange in 2020. It is speculated that Telekom Srbija is the state-owned telecom company that may have its shares traded on the Belgrade Stock Exchange. There is no recent estimation of Telekom Srbija’s value.

KDK Law Firm's First Competition Quarterly Bulletin

Kolcuoglu Demirkan Kocakli Law Firm is publishing its first quarterly bulletin, where the developments in the area of Competition Law in Turkey will be summarised and recent notable decisions of the Competition Board will be highlighted on a quarterly basis.

Telekom Selling Planet TV and Seeking Strategic Partner For TSmedia

Earlier this year, the state-owned telecommunications operator Telekom was unsuccessfully seeking to recapitalize its television company Planet TV. If anyone responded to the invitation for recapitalization, they will be able to get a maximum stake of 49% in the company, which Telekom estimated at around EUR 5 million.) Telekom has thereafter amended the conditions of the initiated procedure, namely to change it to the sale of 100% share in the Planet TV. In 2019, Planet TV had approximately EUR 14.5 million in revenue and a net loss of EUR 1.7 million. Their plan, unofficially, predicts a…