Telekom Austria's Croatian unit to buy B.net for EUR 93mn.

By bne IntelliNews June 9, 2011
Croatian wireless unit Vipnet, owned by Telekom Austria, said it had agreed to fully take over the biggest domestic cable operator B.net for EUR 93mn, Telekom Austria said in a news release. The total purchase price will be paid upon closing of the transaction, which is expected for the second half of 2011. The acquisition of a cable operator will allow Vipnet to participate in the anticipated strong growth of fixed broadband, TV-services and convergent products in the Croatian market and to position itself as a fully integrated operator, said Telekom Austria CEO, Hannes Ametsreiter. Vipnet's market share expanded to 43.1% as at end- 2010 from 42.6% a year earlier. B.net occupies a 7% share on the fixed broadband market and a 22% share on the Pay-TV market.

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