Telekom Austria Group agrees to acquire fixed service provider Metronet in Croatia

Vienna, 08 December 2016

The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that it has agreed to acquire a controlling stake in Metronet telekomunikacije via its Croatian subsidiary Vipnet. The sellers comprise Croatian corporations, financial institutions and private individuals, including Quaestus Private Equity Fund.

Metronet is a leading alternative fixed business solutions provider in Croatia and delivers a diverse product offering, focussed on delivering services 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.

The acquisition of Metronet strengthens the Group's Croatian business, where it has been offering convergent services since 2011.

Telekom Austria Group will finance the transaction via its existing cash flow; the closing is expected for Q1 2017. The transaction is subject to merger control clearance. The pricing of the transaction remains undisclosed.

Disclaimer for forward-looking statements:
This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as "believe", "intend", "anticipate", "plan", "expect" and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither A1 Telekom Austria Group nor any other person accepts any liability for any such forward-looking statements. A1 Telekom Austria Group will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of A1 Telekom Austria Group.

Share 17:33

6.90 €+0.03 €Ad-hoc Releases

Combined Annual Report

The digital journey continues

Online Report

Contact

Susanne Aglas-Reindl

Head of Investor Relations
A1 Telekom Austria Group

Contact

RSS Newsfeed

Newsroom

Find the latest press releases and investor news in our online newsroom.

Go to Newsroom

Subscribe to the A1 Telekom Austria Group News via RSS feed.