Telekom Austria acquires fixed operators in Belarus

Telekom Austria, belarus, broadband

Telekom Austria has acquired Belarusian operators Atlant Telecom and its subsidiary TeleSet as it looks to offer converged services in the eastern European country.

The Austrian firm is buying both companies from private equity firm ZUBR Capital and the European Bank for Reconstruction and Development.

Financial details of the deal were not disclosed.

The two companies had 125,700 fixed broadband and 46,000 cable TV customers at the end of 2015.

These will be added to mobile operator velcom, which Telekom Austria already owns.

Atlant and TeleSet generated revenues of €16 million and EBITDA of €4 million in 2014, Telekom Austria said.

The operator said it planned to finance the transaction via existing cashflow and that the deal should be finalised “within the next days”.

Telekom Austria CEO & COO Alejandro Plater (pictured) said: "The acquisition of Atlant Telecom is a further step in Telekom Austria Group's convergence strategy.

“It allows Telekom Austria Group to develop its Belarusian subsidiary velcom from a mobile-only player into a fully converged operator.”

The operator saw group revenues, adjusted for M&A, rise 1.4 percent to €1.1 billion in the three months to September.

EBITDA rose 7.5 percent to €415.5 million, although when adjusted for one-off effects and currency movements the operator registered a one percent decline.

Last month, the company became the latest operator to test and debut NB-IoT technology on its live network in Austria.

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