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Telekom Austria Acquires B.net Hrvatska

Published: June 8, 2011; 15:10 · (Vindobona)

The telecommunications group purchases Croatia’s largest cable operator from Bewag, an Austrian regional electricity supplier.

Telekom Austria Acquires B.net Hrvatska / Picture: © Vindobona.org

Today, the Telekom Austria Group announced that it has agreed to acquire 100% of B.net, the largest cable operator in Croatia. Telekom Austria acquires the company via its Croatian subsidiary Vipnet at an enterprise value of € 93m out of existing cash flow. The total purchase price will be paid upon closing of the transaction, which is expected for the second half of…

This article includes a total of 270 words.

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