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Bosnia and Herzegovina : TELEKOM SLOVEJIJE's subsidiary acquires 100% stake in TELRAD NET [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) The Telekom Slovenije subsidiary Blicnet, based in Banja Luka, Bosnia & Herzegovina, has entered into a deal for acquisition of 100% stake in the Telrad Net. Financial details of the deal were not revealed. Additional details about the transaction will be disclosed after its completion. An integrated provider of mobile and fixed telephony services, broadband internet, cable and digital TV, Blicnet also serves as a network operator and system integrator. Telekom Slovenije stated that this acquisition will result in further strengthening Blicnet s footprint in the Bosnia & Herzegovina market, and would also implement Telekom Slovenije Group strategy, based on providing technologically advanced and up-to-date services to its customers. It further added that its operations in Bosnia & Herzegovina are in line with the adopted Strategic Business Plan of the Telekom Slovenije Group for 2012 2016, which forecasts consolidation of the markets and a growth in the number of customers on the markets of SEE. One of the strategic goals of the Telekom Slovenije Group is to consolidate its position as a strong regional operator and to become the first alternative provider of integrated telecommunications services on each of the markets where the group is present. At the beginning of 2011, Telrad Net was established when Telrad Net, one of the leading telcos in Bosnia & Herzegovina, split its activities into two companies, overseeing infrastructure and services. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |