Telemach paid EUR110 million for Tusmobil

20 May 2015

Slovenian cable TV and broadband provider Telemach is paying EUR110 million (USD123 million) for mobile operator Tusmobil, it has been confirmed. A report from regional news portal SEEbiz says that Telemach’s owner SBB paid EUR42 million, with commitments to hand over a further EUR26 million and the repayment of debt worth in excess of EUR40 million. In October 2014 Telemach agreed to acquire Tusmobil from previous owner Tus Holding, which is 100% owned by Mirko Tus, head of domestic retailer EngroTus. The deal completed last month, though the purchase price was not disclosed at the time.

Slovenia,Telemach (Slovenia), Telemach Mobil (formerly Tusmobil),

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