Telelink Business Services Group Supervisory Board approves acquisitions in the UK, Sweden, and Romania

The Supervisory Board of Telelink Business Services Group AD (“TBSG”) has approved and authorised the Executive Director to proceed with the potential acquisition of majority stakes in five ICT companies registered in the United Kingdom, Sweden, and Romania, and to arrange the financing required for these transactions.

The approved transactions cover:

• The acquisition of 100% of the share capital of a company registered in the United Kingdom, with up to 70% of the payments to the sellers to be financed through a bank investment loan.
• The acquisition of a total of 51% of the share capital of a company registered in Sweden, structured through a share purchase agreement and a subsequent capital increase.
• The submission of a binding offer for, and — subject to its acceptance — the subsequent acquisition of 100% of the share capital of three companies under common control registered in Romania.

Together, the five companies operate across a broad ICT portfolio, including private communication networks, private data centres, cloud solutions, enterprise resource planning (ERP) and customer relationship management (CRM) systems, IT automation, and artificial intelligence. Their customer base is predominantly corporate and non-governmental, spanning both their local markets and international clients.

Financial profile and consideration

In 2025, the five companies generated combined revenues of approximately EUR 28.8 million and combined EBITDA of approximately EUR 4.7 million.

Based on management’s current estimates, the total consideration payable to the sellers may reach up to EUR 42.3 million, of which EUR 33.6 million would be paid upfront by the end of 2026, with the remainder structured as conditional deferred payments over 2027–2029. The estimated combined net cash position of the target companies at the respective acquisition dates is EUR 3.1 million. These amounts remain subject to adjustment based on financial results at closing and other arrangements to be finalised in the definitive agreements.

Status and next steps

As of the date of this announcement, none of the agreements referenced above have been signed, the binding offer in Romania has not yet been accepted, and none of the counterparties has made binding commitments. The completion of each transaction will be subject to additional conditions, including the receipt of the relevant regulatory approvals under applicable national legislation.

TBSG will provide further updates to investors and the public on all material developments relating to these transactions.

This announcement summarises the disclosure made by TBSG to the Financial Supervision Commission and the Bulgarian Stock Exchange on [date], pursua