UPDATE 1-Telekom Austria buys Macedonian cable operator from EQT

lunes 23 de junio de 2014 09:01 GYT

* Buys leading cable operator Blizoo from Sweden's EQT

* Blizoo has 10 mln euros annual sales, 63,000 subscribers

* Deal expected to close in Q3 (Releads with details of acquisition)

VIENNA, June 23 (Reuters) - Telekom Austria has signed a deal to buy Macedonian cable operator Blizoo, a company with about 10 million euros ($14 million) in annual revenues and 63,000 subscribers, from Swedish private equity firm EQT, it said on Monday.

The acquisition will allow it to offer fixed-line broadband and television services bundled with its current mobile offering, helping it retain and attract customers.

Macedonia will become the fourth of the eight central and eastern European countries where Telekom Austria operates to offer so-called convergent fixed and mobile services after Austria, Bulgaria and Croatia.

"It is important for us that we create these chances for the whole group," Telekom Austria Chief Executive Hannes Ametsreiter told a news conference.

The two parties declined to disclose the purchase price but Ametsreiter said it was in the double-digit millions of euros. He added that Telekom Austria would finance the acquisition out of existing cash flow. The company said Blizoo was profitable.

Carlos Slim's America Movil has said it plans to use Telekom Austria, which it is taking over, as a base to build up its presence in eastern Europe.   Continuación...