Serbia Broadband acquires local competitor IKOM

Serbia Broadband acquires local competitor IKOM
By bne IntelliNews September 21, 2016

Serbia’s largest cable operator Serbia Broadband – Srpske kablovske mreze (SBB), owned by US private equity firm Kohlberg Kravis Roberts (KKR), has agreed to acquire 100% of local competitor Interaktivne Kablovske Objedinjene Mreze (IKOM) for an undisclosed amount, SBB has confirmed to bne IntelliNews.

If the deal gets regulatory approval, it will turn SBB into one of the biggest telecoms companies in the Western Balkans. There have been plans to build up SBB since its acquisition by KKR. In 2015, SBB acquired 99.27% of EUnet, first internet provider in Serbia and Montenegro, established in 1997.

Founded in 2002, SBB provides digital and analogue cable television and broadband internet in Serbia, and since 2012 landline services as well. With the Total TV platform, SBB is also an operator of satellite television in the region.

“Merging operators is a logical step in the telecommunications market and the trend in the whole world,” Jovana Lukic, SSB’s corporate communications director, said in a September 21 statement. 

“Due to the size and connectivity in the region, as well as further investments in the United Group network and services, users of IKOM will have access to the latest technologies and facilities.” 

SBB has submitted a request to the Commission for Protection of Competition to determine whether the deal would lead to an abuse of dominant position, the company’s statement said. 

SBB is part of the United Group, Southeast Europe’s largest regional Pay TV platform, which is controlled by KKR. The company was previously owned by another private equity investor, Mid Europa Partners, which acquired a controlling stake in SBB in 2007, merging it with regional triple-play company Telemach five years later. 

In March 2014, KKR wrapped up the €1bn acquisition of the United Group from Mid Europa Partners. The European Bank for Reconstruction and Development (EBRD) co-invested €50mn alongside KKR in the transaction.

Related Articles

IPO of Romanian telco RCS&RDS reportedly planned for May

A group of shareholders of Romanian diversified telecoms group RCS&RDS want to sell 20%-30% of the group’s shares in an IPO, Ziarul Financiar daily reported. The IPO is expected to take place ... more

Bulgaria’s Vivacom reportedly to buy minority stake in parent for €43mn

Bulgarian Telecommunications Company (BTC), the country’s largest telecom firm by revenue that operates under the brand name Vivacom, is reportedly planning to acquire a stake of between 10% and ... more

Romanian software producer Bitdefender takes over French peer Profil Technology

Romanian security technology company Bitdefender has acquired its French peer Profil Technology as part of its expansion strategy on the corporate segment.  The terms of the deal were not ... 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