SBB buys 'Broadband Montenegro'

Company "Serbia Broadband - Serbian cable network" (SBB) from Belgrade, which has been controlled as a part of its regional business by the American company "Kohlberg Kravis Roberts' (KKR) since last year, will soon take over the Montenegrin cable operator" Broadband Montenegro "(BBM) from the businessman Veselin Barović and his Slovenian partner, "Vesti" finds out from several sources.
SBB controls more than half of the cable television market in Serbia.
According to reliable information, major transactions and sale of its stocks is still pending.
SBB in Serbia, in addition to cable TV, offers Internet services and digital fixed telephony. Executive Director BBM Predrag Jovanovic believes that " in a long-term and strategic perspective, we can expect that this will have impact on the market of cable operators in Montenegro."
- From the healthy competition among cable operators, citizens as our ultimate customers will benefit - Jovanovic said.
"Vijesti" reminds us that two days ago on behalf of the future owner BBM, about 1.65% of the shares owned by the Slovenian company "BMB Electronics," was bought by the company "Slovenia Broadband" with an address in Luxembourg. "Slovenia Broadband" also owns 12% of the shares of BBM.
What is the ownership structure of BBM today? Company "Comersa" which owns 35% of shares BBM, as well as "Eurofond" with about 14%, has been formally controlled by Barovic's people for years. The remainder of the company is controlled by his Slovenian partners. The second-largest owner of BBM is Jovan Gordijan with 21.42% of the shares, a third shareholder is "Bela Čeprnjak" with 14.28% of the shares of the company.
Purchase
The US-based KKR bought last year from the fund "Mid Europa Partners," the majority of "United Group", while the minority remained in the property of the European Bank for Reconstruction and Development. Members of the "United Group" were: SBB in Serbia, "Telemach" in Slovenia and Bosnia and Herzegovina, as well as "Total TV", which operates in all six countries of the former Yugoslavia.
In this way, the U.S. company is the majority owner of the regional business across the former Yugoslavia and it offers to its clients satellite TV, internet, fixed and mobile telephony.

SBB d.o.o. Beograd

Kohlberg Kravis Roberts

BBM Crna Gora

TELEMACH d.o.o. Ljubljana

Serbia Broadband

Srpske kablovske mreže

SBB

Kolberg Kravis Roberts

KKR

Broadband Montenegro

BBM

Veselin Barović

Predrag Jovanović

kablovski operateri

BMB Elektronika

Slovenia Broadband

Comersa

Eurofond

Bela Čeprnjak

Mid Europa Partners

Mid Jurop Partners

Telemach

Total TV

Telemah