United Group’s Croatian subsidiary Telemach has completed the acquisition of a controlling stake in Optima Telekom.
This follows the approval of the Croatian Competition Agency to a purchase agreement signed by United Group last July (see: Broadband TV News) with Hrvatski Telekom (HT) and Zagrebacka bank.
Commenting on the development, Telemach Hrvatska president Adrian Jezina said: “Through the synergy of knowledge and experience, we will bring a better perspective for Optima users, who will soon be provided with convergent packages of mobile and fixed telecommunications services and the latest generation TV services, with the best user experience. I am especially pleased that we are becoming an equal third integrated operator in the mobile and fixed network, which will encourage stronger competition, and the value of which will soon be felt by all users of telecommunications services in Croatia. In that sense, Telemach continues to invest heavily in the most advanced technologies that raise the quality of our services, and together with Optima we will be able to compete with existing operators, simpler and more technologically advanced convergent services”.
According to Telemach, the transaction will strengthen the market position of Optima Telekom and Telemach, which will together continue to grow synergistically by offering a full range of telecommunications services, including TV.