Mid Europa Entities Merge to form Largest Pay TV Service in Former Yugoslaviaby HVCA
Invest IQ, 10. February
SBB and Telemach will join hands under the auspices of Mid Europa Partners to provide pay TV services to a market of over 20 million households in the former Yugoslav nations. Both companies have majority stakes that are either under management of Mid Europa or controlled by them. The merger of the two companies will result in a subscriber base of over 1.7 million users of their internet, cable TV, telephone and satellite TV services. EUR 330 mln have already been raised towards debt and acquisition-based growth from eight international and regional banks, including BNP Paribas, ING Bank and Unicredit, among others. The South East European (SEE) operation is one of the fastest growing pay TV vendors in the world, with an annual revenue growth of 20 per cent over the last five years, since 2007. It is also the leading SEE player in the multi-national distribution arena.