Telelink’s major shareholders plan to sell up to 25% stake on BSE
Telelink Business Services Group’s three major shareholders, including CEO Lyubomir Minchev, are looking to sell up to a quarter of the company’s equity stake on the regulated market of the Bulgarian Stock Exchange (BSE). The proposed sale is aimed at increasing the group’s visibility, improving its liquidity and attracting new strategic investors, as well as boosting corporate governance standards. The initial public offering (IPO) of the stake is expected to take place during H1 2022 and could raise between BGN 15m ($9m) and BGN 25m ($15m). Telelink Business Services Group is a leading provider of managed IT services, emerging technologies and cybersecurity solutions in Bulgaria and Serbia.
Telelink expands into the Balkan region
Telelink Business Services Group has expanded its presence in the Balkan region with the acquisition of Montenegrin-based IT company Crnogorski Telekomunikacioni Centar (CTC). The move will allow Telelink to provide advanced technology solutions to companies in Montenegro and the Balkan region, further expanding the company’s footprint throughout southeast Europe. CTC will keep its brand and operational independence, but will also have access to Telelink’s innovative IT services and solutions.
Telelink focuses on innovation and digital transformation
Telelink Business Services Group has been focusing on innovation and digital transformation by investing in cutting-edge technologies, such as artificial intelligence, cloud computing, and the Internet of Things (IoT). The company has been working on the development of its own AI-based solutions, including chatbots, image recognition, and voice interfaces, to navigate through the complexity of the digital world. With its skilled workforce and innovative approach, Telelink plans to continue providing high-quality, tailored IT services and solutions to its clients, consolidating its position as one of the leading technology companies in southeast Europe.
Conclusion
Telelink Business Services’ proposed IPO is a significant event for the company, aimed at expanding investment and corporate governance, while increasing the group’s visibility on the BSE. The company’s acquisition of CTC expands its footprint in the Balkans, while also providing CTC with access to Telelink’s innovative IT services and solutions. Telelink’s focus on innovation and digital transformation enhances its reputation as a leading provider of cutting-edge IT services and solutions in Bulgaria and southeast Europe.
