European Commission Approves Acquisition of Forthnet by United Group
As said in the press release, United Group, within which SBB and its services EON and Total TV, TV channels and portals Sport Klub, Nova S and N1 operate in Serbia, will once again confirm its leading role in the market of TC and media in Southeast Europe with this latest move within its growth strategy.
Following the acquisition of Forthnet, the Group will have more than 10 million users and 11 thousand employees, and the total annual income will exceed EUR 1.7 billion, it is added.
This is the third biggest acquisition by United Group since the investment fund BC Partners took over the majority ownership in March 2019.
– United Group is entering the Greek market with ambitious business plans only several weeks after the purchase of Vivacom, the leading telecommunications company in Bulgaria, and Tele2 in Croatia at the beginning of the year – the press release says.
Fothnet is one of the leading providers of home entertainment and communications services in Greece – television, broadband internet and landline telephony. It employs around 1,000 people and provides services to nearly 700,000 users and 40,000 companies, with an income of around EUR 260 million.
– United Group gathers the leading operators and the best producers of media content in Southeast Europe. With a clear vision and strategy of European growth in the future, United Group is taking over another successful operator in the region, aiming to provide telecommunications services of the latest generation and the best foreign and local TV content to a market of 38 million people in 8 countries of Southeast Europe and the diaspora all over the world – United Group says.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance