Mid Europa Partners has continued its expansion into the Bosnian cable television market by acquiring Monet, a Mostar-based cable television operator. Mid Europa intends to create a single company, Telemach, by merging Monet with the other Bosnian cable companies it purchased in 2010. The intent of Mid Europa Partners is to offer a package that includes analog and digital cable, high speed Internet access, and phone service as a package deal.
Monet (www.monet.ba)
Monet was founded in 2002 in Mostar, and currently holds an 80% market share in the cable television industry of this area. Monet is currently expanding its broadband Internet services as part of their service package.
16/08/2011
Bosnia, Central & Eastern Europe, Investment, Private Equity News, Telecoms & Media