“Telecom Austria” buys cable operator “Blizoo” in FYROM

“Telecom Austria” buys cable operator “Blizoo” in FYROM

Skopje, June 24, 2014/Independent Balkan News Agency

By Naser Pajaziti

“Telecom Austria” group has purchased 100% of the shares of cable operator “Blizoo” in FYR Macedonia, which provides telephone, internet and TV services.

The Austrian group, which is present in FYROM as owner of mobile phone company “VIP”, has not unveiled the value of the deal for the purchase of “Blizoo” cable operator.

“Blizoo” has 63.000 customers, while revenues for 2013 amounted to 10 million Euros.

“Telecom Austria” group is present in the market of FYROM through VIP operator, the second largest operator with 620.000 subscribers and 28% market capital.

This group is also present in Austria, Bulgaria and Croatia.

Nikola Lusev, executive director of VIP said that the purchase of “Blizoo” will expand the spectrum of telephone and TV services. /ibna/