08.12.2016
Telekom Austria Group acquires fixed service provider Metronet in Croatia
Telekom Austria Group announces that it has agreed to acquire a controlling stake in Metronet telekomunikacije via its Croatian subsidiary Vipnet. The sellers comprise Croatian corporations, financial institutions and private individuals, including Quaestus Private Equity Fund.
Metronet is a leading alternative fixed business solutions provider in Croatia and delivers a diverse product offering, primarily designated to the business segment. Metronet offers data, voice, managed IT and cloud services to its approximately 4,300 corporate customers, who generated approximately 90% of total revenues in 2015. The company is present in 66 cities, thereby reaching approximately 85% of all corporate customers in Croatia and operates on a fibre network. In 2015, Metronet generated revenues and an EBITDA of approximately EUR 28 mn and EUR 12 mn respectively.
“The acquisition of Metronet strengthens the Group’s Croatian business, where it has been offering convergent services since 2011”, stresses Alejandro Plater, CEO & COO Telekom Austria Group.
Telekom Austria Group will finance the transaction via its existing cash flow; the closing is expected for Q1 2017. The transaction is subject to merger control clearance. The pricing of the transaction remains undisclosed.
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.
For further information please visit our Website at www.telekomaustria.com or follow us on Twitter @TA_Group
