Telekom Austria subsidiary acquires three local providers

Telekom Austria subsidiary acquires three local providers

Telekom Austria’s Croatian subsidiary Vipnet has today announced the acquisition of three cable network providers in the region.

The acquisitions result in a total additional customer base of 6,500, and access to 27,000 additional households along the Croatian Dalmatian coast.

The acquisitions comprise of OKI, Kabelska Televizija Šibenik (KTS) and the residential customer segment of Metronet, with all parties agreeing not to disclose purchasing price information.

“These three transactions represent a perfect complement to our present operational footprint in the fixed net business,” said Mladen Pejkovic, CEO of Vipnet.

“With these new company acquisitions, we consolidate our role as a leading fixed net infrastructure operator and enable further convergent solutions.”

Customers are expected to benefit from greater profit as they can choose from a much wider range of comprehensive communications services.

The Telekom Austria Group launched 100G services in Croatia in May this year.

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