Telekom Austria Group Acquires Alternative Telecommunication Service Provider in Slovenia and Croatia
Jun 8, 2015
Vienna, 08 June 2015
- Complete acquisition of the leading alternative telecommunication service provider Amis;
- Successful implementation of convergence strategy: with Slovenia, six of the Group's eight operating markets to offer mobile and fixed line communication, Internet and TV services from one single source;
- Amis Group recorded total revenues of EUR 41 million in 2014 and has a customer base of approximately 86,000 subscribers;
The Telekom Austria Group today agreed on the acquisition of the alternative telecommunication service provider Amis in the Croatian and Slovenian markets. The sellers comprise the companies Iris Capital, Kebek Private Equity and the Amis' management.
We are now a provider of comprehensive solutions in six of our eight operating markets. This creates considerable competitive advantages, which mainly benefit our customers.
CEO Telekom Austria Group
This acquisition marks a further step within the framework of the convergence strategy, while creating additional growth potential for the Group. With Amis in Slovenia, the Group will become a convergent multimedia operator in six of its eight operating markets. In Croatia, this acquisition will strengthen the Group's current market position and further expand its fixed-line product offering with ultrafast FTTH (fiber to the home) lines.
"With the acquisition of Amis, we can further grow our fixed line business, which is currently experiencing a strong revival. We were among the first operators in Europe to embark on convergence and we are now a provider of comprehensive solutions in six of our eight operating markets. This creates considerable competitive advantages, which mainly benefit our customers," said Hannes Ametsreiter, CEO Telekom Austria Group and A1.
"We are looking forward to creating synergies and exchanging experiences, especially with Si.mobil and Vipnet. Our customers will profit from an expanded product range and premium quality moving forward. We are delighted to become part of the Telekom Austria Group and, together, we can further consolidate our sustainable growth path," said Boštjan Košak, CEO of Amis.
Amis was founded in 1995 as the first alternative internet operator in Slovenia and expanded to Croatia in 2003. Currently, the company offers Internet, IPTV and telephone services to roughly 86,000 customers in both markets. The Telekom Austria Group will finance the purchase price from its cash flow. Both parties have agreed not to disclose any details about the purchase price. The transaction still requires approval by the relevant competition authorities.