Deutsche Telekom, which also controls Romtelecom and Cosmote Romania indirectly, is said to have paid around EUR250 per subscription taken over. This would put the value of the transaction at almost EUR70 million. Neither of the companies provided financial details of the agreement.
“We have chosen DIGI Slovakia for their well established customer base and availability of their services. I hope both existing and potential customers will benefit from this acquisition,” says Miroslav Majoros, CEO of Slovak Telekom. The Slovak subsidiary of Deutsche Telekom has around 180,000 customers on digital TV.
The Romanian company has not provided any information on the transaction.
The acquisition needs the approval of the Slovak antitrust authorities.
RCS&RDS also sold its satellite TV operations in Croatia in March to Vipnet, an operator held by Telekom Austria.
The Romanian company controlled by Oradea-based businessman Zoltan Teszari, has operations left in Hungary, the Czech Republic and Serbia in the region.
(English version by Daniela Stoican)