KKR, EBRD complete SBB/Telemach takeover

7 Mar 2014

Investment firm KKR yesterday announced the completion of the takeover of United Group (SBB/Telemach), which operates cable networks and pay-TV services in South Eastern Europe. KKR signed a definitive agreement to acquire United Group from Mid Europa Partners on 15 October 2013, subject to customary regulatory approvals, all of which have now been granted. The closing of the transaction by which the European Bank for Reconstruction and Development (EBRD) has invested in a minority stake alongside KKR’s affiliated funds’ majority shareholding also took place yesterday. Operating broadband networks under the SBB (Serbia) and Telemach (Slovenia, Bosnia & Herzegovina) brands, a press release says United Group serves 1.9 million pay-TV (including the ‘Total TV’ platform) and telecoms customers across the six countries of the former Yugoslavia – Serbia, Slovenia, Bosnia & Herzegovina, Montenegro, Croatia and Macedonia. ‘Following the closing of the transaction, we are now ready to accelerate our plans for the region,’ said Dragan Solak, founder and executive chairman of the United Group.

Slovenia, Serbia, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro,Telemach (Slovenia), Serbia Broadband (SBB), Telemach (Bosnia & Herzegovina), The United Group,



Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.