Telekom Austria's Croatian unit to buy 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 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. occupies a 7% share on the fixed broadband market and a 22% share on the Pay-TV market.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more