KKR's United Group seeks regulatory approval to buy six cable operators in Bosnia

By bne IntelliNews October 30, 2014

Bosnian cable operator Telemach is seeking a regulatory approval to acquire six cable operators, active in different parts across Bosnia, news service Klix.ba reported on Oct 30. Sarajevo-based Telemach is a unit of United Group, South East Europe’s leading regional pay TV platform which is controlled by US private equity firm Kohlberg Kravis Roberts (KKR).

As already announced earlier, Telemach has asked the country’s competition watchdog to allow it to purchase local cable TV and internet operators BHB Cable TV, HKB-net and M&H Company. It now also seeks to acquire majority stakes in Bugojno-based Vrbaska Kablovska Televizija – Network, in Sarajevo-based KATV HS and Mostar-based Velnet.

Stjepo Pranjic from the competition agency told Klix.ba that Telemach’s requests are still under consideration, adding the agency will take a final decision based on a detailed market analysis. He said it is still too early to judge whether there are elements of market domination.

United Group, operating under the SBB and Telemach brands, serves 1.89 million customers across the six markets of former Yugoslavia with a combined population of over 20 million. It is also is in the final stages of launching a new news TV station in the Balkans region, to be called N1. KKR wrapped up in March the EUR 1bn acquisition of the United Group from its peer Mid Europa Partners. The EBRD co-invested EUR 50mn alongside KKR in the transaction.

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Opposition in Bosnia’s Republika Srpska seeks no-confidence vote against government

Three opposition parties in Bosnia & Herzegovina’s Republika Srpska filed a request for a no-confidence motion against the government on May 15, ... more

Bosnia’s fourth attempt to meet requirements for IMF loan tranche fails

Bosnia & Herzegovina's parliament failed for the fourth time to adopt key legislative changes required by the International Monetary Fund (IMF) to disburse the second tranche under an ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss