Telekom Austria Closes Acquisition of Croatian

CompaniesTelecoms ♦ Published: August 8, 2011; 13:06 ♦ (Vindobona)

The Austrian telecommunications group has received green light from Croatia’s competition authority for the acquisition of the country’s largest cable operator.

Telekom Austria Closes Acquisition of Croatian / Picture: © Telekom Austria Group

Today, the Telekom Austria Group announced the closing of the acquisition of the Croatian cable operator via its Croatian subsidiary Vipnet. Based on an agreed total purchase price of € 93m, Vipnet acquired 100% of shares of on 8 August 2011 allowing it to gain full control of the company.

On 8 June 2011, Telekom Austria Group informed of the intention to acquire…