Serbia Broadband
 |
|
|
Native name
|
Српске кабловске мреже / Srpske kablovske mreže |
|---|---|
| LLC | |
| Industry | Telecommunication |
| Founded | Kragujevac, Serbia (September 1, 2000) |
| Headquarters | Belgrade, Serbia |
|
Area served
|
Serbia |
|
Key people
|
Dragan Šolak (President) Victoriya Boklag (CEO) |
| Products |
Cable television Broadband internet Fixed telephony |
| Revenue |
 €130.62 million (2013)
|
|
-€7.88 million (2013)
|
|
| Total assets |
€459.44 million (2013)
|
| Total equity |
€220.80 million (2013)
|
| Owner | Kohlberg Kravis Roberts |
|
Number of employees
|
978 |
| Parent | United Group |
| Website | www |
Serbia Broadband (branded as SBB; full legal name: Serbia Broadband - Srpske kablovske mreže d.o.o.) is a cable television and broadband internet service provider in Serbia. A limited liability company, it is registered under the register code 17280554 in the Serbian Business Registers Agency (APR).
In 2006, SBB launched TotalTV, its DTH satellite television platform.
With more than 700,000 customers and with more than 60% of network coverage, it is the dominant provider of broadband internet and cable television in Serbia.
In 2007 Serbia Broadband was acquired by Mid Europa Partners, which simultaneously purchased Telemach Slovenia followed by acquiring Telemach Bosnia and Herzegovina shortly afterwards, cable television and broadband internet providers in Slovenia and Bosnia-Herzegovina, respectively. Mid Europa then created United Group, a subsidiary to control its three new acquisitions in former Yugoslavia, with European Bank for Reconstruction and Development (EBRD) holding a minority stake in the newly created subsidiary. In the case of Serbia Broadband, the owners legally controlled it via the Amsterdam-based Adria Cable B.V.
In October 2013 American private equity firm Kohlberg Kravis Roberts (KKR) purchased the majority stake in United Group from Mid Europa Partners for US$1.3 billion. thus gaining control of Serbia Broadband. Once the new owners took over, they began legally controlling Serbia Broadband through the Amsterdam-based Adria Serbia Holdco B.V.
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Wikipedia