The Slovak Antimonopoly Office (PMÚ) gave the green light to the merger of companies Swan and Benestra on April 3, 2018. The authority issued its decision after more than seven months of detailed examination of the transaction and objections from competitors.
“The merger of Swan and Benestra is an important milestone in the process of consolidation of the Slovak telecommunications market and contributes significantly to our efforts to create a convergent Slovak operator capable of fully competing with its scope of services with the foreign troika [i.e. Slovak Telekom, Orange, O2],” chairman of the BoD and co-owner of Swan Juraj Ondriš said, as quoted by the SITA newswire.
After the approval of the concentration by the Antimonopoly Office, both investors, DanubiaTel and Sandberg Capital, expect the transaction to be completed within one month.
Investments and plans
The investors have already announced investments in infrastructure, especially in the expansion of LTE networks. Special focus will be put on the development of modern services based on cloud technologies and on security services, the partner of Sandberg Capital and Benestra CEO Michal Rybovič said, adding that vast investments in the infrastructure, an offer of new services and products are planned.
“Our ambition is to operate at the end of 2018 as a single subject, the largest and strongest alternative provider of telecoms services in Slovakia’s fixed line network,” Rybovič commented for the newswire.
The transaction does not concern Swan Mobile, which operates the mobile operator known as 4ka, the TASR newswire wrote.
In the joint business, both companies will have the same share of 50 percent: DanubiaTel will have managerial control, while Sandberg Capital plans to be the financial partner, the Sme daily wrote earlier.
The joint operator will offer services for households and businesses. For households, this will mean top-speed safe internet, TV and voices services; for corporate clients, it will render data services, internet, cloud services, voice services and data-centres services, Sme wrote on April 3.
3. Apr 2018 at 22:45 | Compiled by Spectator staff