TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Industry Announcements

Tracker

Telekom Austria Group acquires fixed-line operators Atlant Telecom and TeleSet in Belarus

Via Telekom Austria Group

Nov 30, 2016

Vienna, 30 November 2016

The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that it has agreed to acquire 100% of the shares in the Belarusian operators Atlant Telecom and its subsidiary TeleSet. The sellers are the private equity firm ZUBR Capital as well as the European Bank for Reconstruction and Development (EBRD).

Atlant Telecom and TeleSet are the leading privately owned fixed-line operators in Belarus offering fixed-line broadband, IPTV and cable TV, as well as a video and audio library. As of year-end 2015, Atlant Telecom and TeleSet had approximately 125,700 fixed broadband and 46,000 cable TV customers.

In 2015, Atlant Telecom and TeleSet generated revenues and an EBITDA of approximately EUR 16 mn and EUR 4 mn respectively.

The acquisition of Atlant Telecom and TeleSet is a further step in Telekom Austria Group's convergence strategy. It allows Telekom Austria Group to develop its Belarusian subsidiary velcom from a mobile-only player into a fully converged operator.

Telekom Austria Group will finance the transaction via existing cash flow; the closing is expected in the next days.

**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 Telekom Austria nor any other person accepts any liability for any such forward-looking statements. Telekom Austria 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 Telekom Austria.

Related Topics
  • Access Evolution,
  • Announcement,
  • Broadband,
  • Device Software & Apps,
  • Digital Platforms & Services,
  • Europe,
  • Mobile,
  • News,
  • Telekom Austria Group,
  • Tracker,
  • Video

More Like This

Digital Platforms & Services

Largest spend on cloud services expected over next 24 months, according to latest Colt research

Aug 18, 2022

Security

EE takes a stand against scammers with latest international call-blocking technology

Aug 18, 2022

5G

5G will generate $7tn worth of economic value in 2030, finds new State of 5G report

Aug 18, 2022

Access Evolution

Helios Towers: Unaudited results for the 6 months ended 30 June 2022

Aug 18, 2022

5G

5G theme related job postings up by 65% in July 2022 over January 2022, finds GlobalData

Aug 18, 2022

This content extract was originally sourced from an external website (Telekom Austria Group) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).