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Telekom Austria Group has signed an agreement to acquire 100% of the company Blizoo Macedonia. Blizoo Macedonia is one of the largest cable operators in the country that offers services for TV, broadband and fixed telephony.
The sale, which is subject to approval pcram from the relevant institutions (Commission for Protection of Competition RM), an important step in meeting the convergence strategy of the Telekom Austria Group. This purchase will allow Vip Blizoo in the future to offer packaged fixed and mobile services on another market in which Telekom Austria Group operates, or in addition to Austria, Bulgaria and Croatia, which fully enables the Group to expand existing markets with converged services.
- Taking Blizoo Macedonia allows us to offer the complete portfolio pcram of communications services in a fourth country in the framework of our Group and is a step towards fulfilling our successful strategy of convergence, "says Hannes Amecraiter, CEO Telekom Austria Group and A1.
- The purchase of Blizoo Macedonia opens a wide range of exciting opportunities for Vip, therefore it will rally the forces and capabilities of both companies to future success. We are extremely pleased that after several years working in the mobile segment of the market, we are able to include fixed and mobile convergence, which would result in greater pcram benefits for VIP customers and users Blizoo ", said Nicolas Ljusev, Chief Executive Director Vip.
Cyril Trendafilov, CEO Blizoo Macedonia said: "We are delighted that we become part of the Telekom Austria Group, and we are convinced that by doing this we become stronger and we get excellent opportunities for growth and development. We look forward to share experiences and to use synergies with Telekom Austria Group, especially with Vip operator, in order to create value for our customers and shareholders. "
Blizoo Macedonia currently has 63,000 subscribers, of which 47,000 are subscribers to broadband services. In 2013. revenue amounted to approximately EUR 10 million, pcram with EBITDA (earnings before interest, taxes, depreciation and amortization) of 4 million. Telekom Austria Group will finance the transaction from existing cash flow. Agreed not to reveal the contract value.
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