Telekom Austria Group acquires fixed-line operator Atlant Telecom in Belarus
Telekom Austria Group announces that it has agreed to acquire 100% of the shares in the Belarusian operators Atlant Telecom and its subsidiary TeleSet. The sellers are the private equity firm ZUBR Capital as well as the European Bank for Reconstruction and Development (EBRD).
Atlant Telecom and TeleSet are the leading privately owned fixed-line operators in Belarus and deliver fixed-line broadband, IPTV and cable TV, as well as a video and audio library to their approximately 125,700 fixed broadband and 46,000 cable TV customers by year end 2015. In the previous year, Atlant Telecom and TeleSet generated revenues and an EBITDA of approximately EUR 16 mn and EUR 4 mn respectively.
“The acquisition of Atlant Telecom is a further step in Telekom Austria Group’s convergence strategy. It allows Telekom Austria Group to develop its Belarusian subsidiary velcom from a mobile-only player into a fully converged operator”, says Alejandro Plater, CEO & COO Telekom Austria Group.
Telekom Austria Group will finance the transaction via existing cashflow; the closing is expected within the next days.
About Telekom Austria Group
Telekom Austria Group, listed on the Vienna Stock Exchange, is a leading provider of digital services and communications solutions in Central and Eastern Europe with more than 24 million customers, currently operating in seven countries: Austria (A1), Bulgaria (Mobiltel), Belarus (velcom), Croatia (Vipnet), Slovenia (Si.mobil), the Republic of Serbia (Vip mobile) and the Republic of Macedonia (one.Vip).
Offering communications, payment and entertainment services as well as integrated business solutions, Telekom Austria Group achieved revenues of more than 4 billion Euros by year end 2015. Over 17.500 employees and state of the art broadband infrastructure make digital business and lifestyle possible and enable people, companies and things to connect everywhere anytime. As European unit of América Móvil, the third largest wireless services provider in the world, Telekom Austria Group is headquartered in Vienna and gives access to global solutions.