Release of 07.06.2013
- Consistent continuation of the Group’s successful convergence strategy
- High potential for further expansion of the customer base
- The foundations for the company’s convergence strategy were laid in 2011
Vienna, June 7, 2013 - Vipnet, the Croatian subsidiary of the Telekom Austria Group, today announced the acquisition of three regional cable network providers, which correspond to a customer base of 6,500 additional customers. Vipnet gained access to 27,000 additional households in Zagreb and its suburbs as well as along the Dalmatian coast through the acquisition of the company OKI, the finalization of purchasing agreements with Kabelska televizija Šibenik (KTS) and with the residential customer segment of Metronet, which was spun off from the rest of the company. All parties have agreed not to disclose any information about the purchasing price of the single transactions.
Significant Customer Potential for Product BundlesMladen Pejkovic, CEO of Vipnet, commented on the acquisitions: “These three transactions represent a perfect complement to our present operational footprint in the fixed net business. With these new company acquisitions, we further consolidate our role as a leading fixed net infrastructure operator in urban areas and enable further convergent solutions.” Direct access to the new customer base provides considerable cross- and up-selling potential for complementary mobile communication products and/or product bundles. In addition, these new acquisitions offer the opportunity to acquire new customers within the area covered by the company’s fixed net network.
Convergence Strategy Started in 2011In June 2011, the Telekom Austria Group announced the acquisition of B.net, the biggest cable network provider in Croatia, laying the foundations for the company’s successful convergence strategy. To continue along the convergence path that the company has embarked on and consistently pursued according to plan, the Telekom Austria Group has mainly opted for acquisition targets that specifically contribute to quickly expanding the present operational footprint.
Mladen Pejkovic concluded: “Through the expansion of our operations to include the fixed net business, we have added another chapter to Vipnet’s long success story. It goes without saying that our customers are also profiting a great deal as they can choose among the wide range of our comprehensive and high-quality communication offerings.“