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Telekom Srbija to buy Posta net

September 13, 2021 09.25 Europe/London By Chris Dziadul

Telekom Srbija has entered into an agreement with Post Srbija to buy the latter’s cable operator Posta net.

In a statement, Poste Srbije says that “in accordance with plans for improving the quality of its core business, Poste Srbije has made a decision to cease operations in the field of cable telecommunications”.

As a result, it has signed a contract transferring the ownership of Posta net to Telekom Srbija.

Broadband TV News notes that the possibility of transaction was first reported in July this year.

Although Post net has a small subscriber base, its acquisition by Telekom Srbija would see the latter’s share of the cable market increase to 54.6%, exceeding that of its closest rival SBB’s 46.7%.

No financial details of the Posta net sale have been disclosed.

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Related

Filed Under: Cable, Central & East Europe, Newsline, Platforms Tagged With: Post Srbija, Serbia, Telekom Srbija Edited: 13 September 2021 09:25

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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