Telekom Austria Group, a leading provider of digital services and communications solutions in Central and Eastern Europe with more than 24 million customers, announces that it has agreed to acquire a controlling stake in Metronet telekomunikacije via its Croatian subsidiary Vipnet.
Telekom Austria Group which is listed on the Vienna Stock Exchange is currently operating in seven countries: Austria (A1), Bulgaria (Mobiltel), Belarus (velcom), Croatia (Vipnet), Slovenia (Si.mobil), the Republic of Serbia (Vip mobile) and the Republic of Macedonia (one.Vip).
Metronet is a leading alternative fixed business solutions provider in Croatia and delivers a diverse product offering, primarily designated to the business segment. Metronet offers data, voice, managed IT and cloud services to its approximately 4,300 corporate customers, who generated approximately 90% of total revenues in 2015.
The company is present in 66 cities, thereby reaching approximately 85% of all corporate customers in Croatia and operates on a fibre network. In 2015, Metronet generated revenues and an EBITDA of approximately EUR 28 mn and EUR 12 mn respectively.
Alejandro Plater, CEO & COO Telekom Austria Group
The acquisition of Metronet strengthens the Group's Croatian business, where it has been offering convergent services since 2011.
