e& PPF takes over SBB: Telecoms giant e&’s JV with Prague-based PPF Group, e& PPFTelecom, completed its acquisition of 100% of Serbia-based cable television and broadband internet service provider Serbia Broadband (SBB) from Southeast European telecoms player United Group, according to a statement (pdf). The debt-free, cash-free transaction was valued at EUR 825 mn, and was financed through debt raised by e& PPF.

What’s next? e& PPF will merge SBB with its Serbian mobile subsidiary Yettel, thereby consolidating the state-backed telco’s Serbian assets under a single entity. The merged company will enable the delivery of mobile, fixed broadband, and pay-tv services, boosting its offerings in the high-growth market.

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