Vivacom, the beleaguered Bulgarian operator, has caught the eye of Russian lender VTB Capital, reports Reuters. It has placed a joint bid with its partner, Bulgaria's Corporate Commercial Bank, for a stake in the operator. Telekom Austria AG (NYSE: TKA; Vienna: TKA) and Turkey's Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) have already expressed an interest in the sale.
Revenues at Belgian incumbent Belgacom SA (Euronext: BELG) were down 3 percent year-on-year to €6.4 billion ($8.4 billion), as the impact of regulatory changes and a fall in demand in the consumer sector took their toll. (See Belgacom Revenues Down 3% in 2011.)