The purchase – for an undisclosed price – comes only days after Telekom Austria announced that it was buying Belarus fixed-line operator Atlant Telecom and its cable TV subsidiary TeleSet. That deal was designed to turn its Belarusian mobile subsidiary Velcom into a converged operator.
Metronet provides fixed business services in Croatia, offering data, voice, managed IT and cloud services to about 4,300 corporate customers, which generated approximately 90% of total revenues in 2015.
The company is present in 66 cities, said Telekom Austria, and generated revenues of €28 million in 2015 and EBITDA of €12 million.
These two deals are the first purchases Telekom Austria has made since 2011, when it ceased a long programme of buying eastern European mobile and converged operators. Mexican operator América Móvil is the controlling shareholder in Telekom Austria, having first taken a stake four years ago.