Investments

telemachexited

Telemach and EON were merged during Mid Europa’s ownership, creating the leading cable TV and broadband provider in Slovenia.

 Telemach-EON

 

Country: Slovenia
Industry: Pay TV
Investment Date: April 2000
Exit Date: December 2004
Fund: Fund I
Website: www.telemach.si

In 2000, Mid Europa acquired Telemach, the leading Slovenian cable TV and broadband operator which had over 100,000 cable TV and 13,000 cable Internet subscribers. The company was subsequently merged with EON, an Internet company and original shareholder in Telemach. Since its foundation in 1999, Telemach expanded rapidly through organic growth and add-on acquisitions.

In 2004, Mid Europa sold its investment in Telemach to UnitedGlobalCom (UGC).