BUSINESS FOCUS IN SHORT

Slovanet buys Brezno internet provider

SLOVANET, Slovakia’s main alternative high-speed internet provider, has continued its recent series of acquisitions. The latest purchase was the biggest local provider of internet services in Brezno and the surrounding area, BrNET, the SITA newswire reported in mid September.

SLOVANET, Slovakia’s main alternative high-speed internet provider, has continued its recent series of acquisitions. The latest purchase was the biggest local provider of internet services in Brezno and the surrounding area, BrNET, the SITA newswire reported in mid September.

BrNET currently has 1,600 clients. The capacity of its optical-metallic system and alternative wireless connectivity is about 4,500 households. Slovanet is now its 100-percent owner.

Through its optical-metallic network, BrNET provides a transmission speed of up to 8Mbits/sec. According to Slovanet’s marketing and product manager, Miroslav Bobošík, BrNET offers “good services, which Slovanet intends to continue in the future, while further developing its infrastructure”. With the acquisition of BrNET, Slovanet will expand its activities to Brezno and nearby towns and villages including Mýto pod Ďumbierom, Valaská, Štiavnička, Podbrezová, Horná Lehota and Lopej.

At the end of last year, Slovanet launched a series of acquisitions of local Slovak operators, like Prešov firm Kryha, Zlaté Moravce’s CATV Tekov, and Micronet in Bratislava.

“Providing high-speed optical or optical-coaxial connection has brought increased costs from operating and connecting the acquired or new networks,” the company said in August. “Despite this, Slovanet managed to end the first half of 2008 with a taxed profit of Sk1.1 million (€36,510).” It also announced that, as result of the acquisitions, it expected an increase in revenues and profits.

Slovanet is a provider of high-speed internet access in Slovakia, offering services to companies and households. The firm offers internet connections, phone services, and entertainment services to retail clients, as well as integrated communication services, virtual private networks, voice services, and security solutions for small- and medium-sized companies and large organisations in Slovakia.

Slovanet is a member of the international Asseco Group, which operates in the information and communication technology market.


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