mmC Group

Mid Europa completes UPC Slovenia acquisition

July 17, 2009

Private equity group Mid Europa Partners has completed the acquisition of cable operator UPC Slovenia from Liberty Global for an undisclosed amount.

Slovenia is UPC's smallest market in Europe, with 158,500 customers at the end of March. The company estimates it currently serves 40 percent of pay-TV households in Slovenia. Mid Europa is already active in the region with an investment in Serbian pay-TV and broadband provider SBB. Dragan Solak, head of SBB, will become chairman of the newly-acquired asset. On 31 March of this year UPC Slovenia had 158,500 TV customers including 14,200 digital TV customers, 57,200 broadband customers and 29,000 telephony customers.