Swan to acquire Slovanet

Telecom operator Swan (4ka brand; Ondriš brothers) agreed to acquire smaller competitor Slovanet (Peter Máčaj, Ivan Kostelný, Peter Tomášek, Juraj Kováčik, and Martin Magdolen), sources told Živé.sk. Swan will gain 100,000 fixed‑line internet customers and access to fiber‑optic networks serving 100,000 households. Slovanet has a strong position in both the retail market and among businesses and public institutions. Its revenue rose from €39m to €51m in 2017–24, partly due to acquisitions of regional operators. Last year, Swan reported €160.6m in sales and EBITDA of €50.9m. Orange was reportedly also interested in acquiring Slovanet and was allegedly interested in acquiring UPC, which O2 purchased for €95m late last year.

(zive.sk)