It has been a busy few days for the Slovenian cable operator Telemach, which is owned by the US-based investment fund Kahlberg Kravis Roberts (KKR). Firstly, the cableco announced the completion of its acquisition of the country’s third largest cellular operator, Tusmobil, which was first announced last October. The buyout, which was thought to have been valued at around EUR150 million (USD165 million), allows Telemach to provide a bundle of fixed and mobile voice and data services plus TV services. Telemach also revealed that it is planning to launch Long Term Evolution (LTE) 4G mobile services over Tusmobil’s network on 1 June 2015, with initial coverage of 25% of the population, as required by the conditions of the cellco’s spectrum licence. Telemach says it is hoping to increase Tusmobil’s share of Slovenia’s mobile market to around one-third, up from around 13% currently.
In addition, SEEbiz reports that Telemach is being linked to a potential buyout of struggling fixed and mobile market rival T-2, which has been beset by financial difficulties. T-2, which operates 3G mobile networks as well as VDSL/fibre-based broadband internet access, IP telephony and IPTV services, was forced into bankruptcy in September last year after pressure from creditors. Two months later, however, the ruling was overturned and control was handed back to T-2 shareholders after Ljubljana’s Higher Court decided that it had been wrongly placed in receivership. T-2 has continued to provide services uninterrupted despite its financial struggles.