Telemach paid EUR110 million for Tusmobil

20 May 2015

Slovenian cable TV and broadband provider Telemach is paying EUR110 million (USD123 million) for mobile operator Tusmobil, it has been confirmed. A report from regional news portal SEEbiz says that Telemach’s owner SBB paid EUR42 million, with commitments to hand over a further EUR26 million and the repayment of debt worth in excess of EUR40 million. In October 2014 Telemach agreed to acquire Tusmobil from previous owner Tus Holding, which is 100% owned by Mirko Tus, head of domestic retailer EngroTus. The deal completed last month, though the purchase price was not disclosed at the time.

Slovenia, Telemach (Slovenia), Telemach Mobil (formerly Tusmobil)