Netherlands-based telecoms firm the United Group has agreed a takeover deal for Montenegro-based cableco M-Kabl, valued at around EUR12 million (EUR13.6 million). Founded in 2004, Podgorica-based cableco M-Kabl offers broadband and TV services with a presence in seven cities nationwide. The United Group expects the transaction to close by year-end, with Dragan Solak, the company’s founder and executive chairman, commenting: ‘The acquisition of M-Kabl is fully in line with our strategy of further expanding the group’s fixed line footprint across the region. Following completion of the transaction, we will be able to offer customers a full range of services including pay-TV, broadband and telephony, thereby unlocking the potential for revenue growth through cross-selling and up-selling’.
United Group, through its subsidiaries, operates in the six markets that make up the former Yugoslavia, namely: Serbia, Slovenia, Bosnia and Herzegovina, Montenegro, Croatia and Macedonia. The company claims to have over two million cable and satellite TV, broadband, fixed and mobile revenue generating units (RGUs) across its footprint.