United Group, through its subsidiary Telemach Slovenia, has completed the acquisition of the Slovenian telecommunications company T-2, consolidating its position in the Slovenian market. The deal, originally announced in June, received regulatory approval, enabling United Group to acquire at least 98.06% of the share capital.
“Today’s agreement ensures a competitive future for T-2, which was compromised due to the threat of bankruptcy,” said Tomislav Žizmič, CEO of Telemach Slovenia. “This acquisition strengthens our capacities for further investment in the most modern mobile and fixed telecommunications infrastructure, advanced technologies, and innovative products and services.”
The transaction will enable T-2 to invest in new technologies, products, and enhanced user experiences. The merged Telemach and T-2 plan to offer customers a technologically advanced fibre network, enhanced mobile services and unlimited packages including 5G network coverage.
“T-2 is an outstanding and successful company that has been the flagship of the technological development of the Slovenian telecommunications market for the past 20 years.” Said Jurij Krč, majority owner of Garnol and Procurator, T2. “With this transaction, the T-2 company will continue to be able to successfully develop its potential on the Slovenian market. The solution provided by Telemach is crucial for our employees, customers, and business partners.”
Founded in 2004, T-2 provides fixed internet, mobile telephony, and television services. Earlier this year, the Ljubljana District Court recently initiated insolvency proceedings for Gratel, another entity under Krč’s ownership, which holds a 1.68% stake in T-2.