Telekom Austria Acquires Hrvatska

CompaniesTelecoms ♦ 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 Hrvatska / Picture: ©

Today, the Telekom Austria Group announced that it has agreed to acquire 100% of, 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…