Slovenian cableco Telemach will buy the nation’s third-largest mobile operator Tusmobil for an undisclosed sum.
Telemach entered into an agreement to acquire the mobile operator from retail and telecoms group Tus Holding, owned by local businessman…
Slovenian cableco Telemach will buy the nation’s third-largest mobile operator Tusmobil for an undisclosed sum.
Telemach entered into an agreement to acquire the mobile operator from retail and telecoms group Tus Holding, owned by local businessman Mirko Tus, on 17 October, the company said in a statement.
Telemach, part of KKR-controlled United Group, paid about €150m (US$191.75m) for the asset, local business daily Finance reported.
The acquisition will enable Telemach, which currently provides fixed-line telephony, internet and pay-TV services in Slovenia and Bosnia and Herzegovina, to become quad-play operator.
Tusmobil claims to be the fastest-growing mobile player in Slovenia with nearly 300,000 customers. Its larger rivals are state-controlled Telekom Slovenije and Telekom Austria’s Si.mobil.
Telemach, which describes itself as the leading alternative cable operator in Slovenia and Bosnia and Herzegovina, said it plans to make significant investments in upgrading Tusmobil’s mobile infrastructure.
Earlier this month, local media quoted United Group as saying it was looking at all assets for sale in Slovenia, including Tusmobil, Debitel, T-2 and smaller cable operators.
The United Group, in which the European Bank for Reconstruction and Development (EBRD) also has a stake, says it provides cable and satellite TV, broadband internet and fixed and mobile telephony services to 1.9 million customers in South East Europe. It operates under the SBB brand in Serbia and a number of ancillary brands in other countries as a result of acquisitions.
