The owners of the Slovak broadband operators SWAN and BENESTRA have announced that the two telcos are to merge. Following speculation last September that a deal between the two parties was on the cards, SWAN shareholder DanubiaTel and BENESTRA’s parent Sandberg Capital have confirmed the move, saying that the merger will create the largest domestically-owned alternative operator in Slovakia. The value of the transaction was not disclosed. DanubiaTel and Sandberg Capital will take equal 50% shares in the enlarged entity, with the former given management control and the latter assuming responsibility for financial matters.
In a press release, Juraj Ondris, co-owner of DanubiaTel, says the two firms will initially concentrate on combining their respective networks before ‘investing heavily in infrastructure in order to further increase the quality of our services so that our services are accessible to more and more clients and we can bring to market new services and products’.
While SWAN’s focus in the fixed line sector is predominantly on residential users, BENESTRA concentrates on the business market. SWAN is also active in the country’s cellular market via SWAN Mobile, which trades under the ‘4ka’ brand.