Wednesday 25 June 2014

CQ-Telekom Austria acquires cable operator Blizoo

Telekom Austria has signed a deal to buy Macedonian cable operator Blizoo, a company with about 10 million euros ($14 million) in annual revenues and 63,000 subscribers, from Swedish private equity firm EQT.
The acquisition will allow it to offer fixed-line broadband and television services bundled with its current mobile offering, helping it retain and attract customers.
However the amount of acquisition has still not revealed.
Macedonia is Telekom Austria's second-smallest market, with 630,000 subscribers, 65 million euros revenue and 15 million euros core profit in 2013. It has a market share of 28 percent.
Blizoo says it is Macedonia's largest pure-play cable operator by revenues and number of homes reached. Its biggest competitor is Deutsche Telekom, which has three times as many broadband subscribers.
The deal is subject to approval by competition regulators and is expected to close in the third quarter. 
Source: http://cablequest.org/news/international-news/item/5314-cq-telekom-austria-acquires-cable-operator-blizoo.html
Source: http://cablequest.org/news/international-news/item/5314-cq-telekom-austria-acquires-cable-operator-blizoo.html

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