Telekom Austria acquires blizoo Macedonia
23 June 2014 | Kavit Majithia
Telekom Austria Group has acquired Macedonian cable operator blizoo Macedonia.
The Austrian operator said the deal is designed to add to its convergence strategy, with blizoo offering TV, broadband and fixed voice services.
Telekom Austria will now offer bundled fixed and mobile services in the country, which will complement the company’s convergence footprint in Austria, Bulgaria and Croatia.
"The takeover of blizoo Macedonia allows us to offer the full scale of communications services in the fourth country within our group and is a step forward in the execution of our successful convergence strategy," said Hannes Ametsreiter, CEO of Telekom Austria Group and A1.
Telekom Austria already owns Vip Operator in the country, with the two companies now set to merge.
Cable operator blizoo has 63,000 subscribers, of which 47,000 are broadband. Revenues for 2013 amounted to €10 million.
"It is great that we are becoming part of Telekom Austria Group as we know this will make us stronger and will ensure sustainable value growth for our shareholders. We are looking forward to sharing experiences and working together with Telekom Austria Group,” added Kiril Trendafilov, CEO blizoo Macedonia.