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KKR has emerged as the winner in the sale of Serbia BroadBand. The private equity firm announced the acquisition on Tuesday, which should mean another LBO financing in the high yield bond market.
KKR is buying the SBB/Telemach Group from Mid Europa Partners for an undisclosed sum.
"SBB is a company with a very exciting future ahead of it," Henrik Kraft, head of the European technology and communications team at KKR told EuroWeek. "It's a company with a very high quality network and has capabilities to deliver very highly sophisticated modern triple-play services and high speed broadband services, like we see from the most sophisticated peers in western Europe. But they are operating in a market, where the...