DTB Advised United Group in its new Croatian Acquisition

You are here

Our client United Group is a leading provider of telecommunications and media services in Southeast Europe, providing telecommunication services in Croatia under Telemach brand.

We advised the client in the acquisition of a majority stake in Optima Telekom from Hrvatski Telekom (17.41%) and Zagrebačka Banka (36.90%) for the enterprise value of 100% shares on a debt free, cash free basis amounting to HRK 639 million.

Optima Telekom offers a range of fixed internet and pay-TV services and serves around 125,000 broadband subscribers and 55,000 pay-TV customers.

The deal is conditional upon approval by the competition authorities and certain further conditions precedent.

“This agreement is a step further in our plan to transform Telemach Hrvatska into a fully converged telecom operation offering the full range of telco services – including TV – on our own infrastructure,” said United Group CEO Victoriya Boklag.


The client was advised by DTB’s corporate and M&A team headed by senior partner Damir Topić and competition team headed by senior partner Mario Krka, who were supported by a team of lawyers including Dina Salapić, Ema Menđušić Škugor, Olena Manuilenko, Jasna Belčić, Iva Crnogorac and Dominik Glavina, and trainees Antonia Mihaljević, Iva Vukoja, Ana-Maria Sunko, Barbara Šimić and Petar Zubić.