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  5. PPF Telecom Group Acquires Yettel

M&A Deal Summary

PPF Telecom Group Acquires Yettel

On July 31, 2018, PPF Telecom Group acquired communications company Yettel from Telenor

Acquisition Highlights
  • This is PPF Telecom Group’s 4th transaction in the Communications sector.
  • This is PPF Telecom Group’s 1st transaction in Serbia.
Investment Fate
  • Yettel was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary
Date 2018-07-31
Target Yettel
Sector Communications
Buyer(s) PPF Telecom Group
Sellers(s) Telenor
Deal Type Divestiture

Target

Yettel

Belgrade, Serbia
Yettel is a provider of mobile services. Yettel was founded in 1994 and is based in Belgrade, Serbia.

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Buyer(S) 1

Buyer

PPF Telecom Group

Amsterdam, Netherlands
Category Company
Founded 2013
Sector Communications
DESCRIPTION

PPF Telecom Group is a provider of telecommunications services in Central and South-eastern Europe. Its companies in the Czech Republic, Slovakia, Hungary, Bulgaria and Serbia have long invested in modern telecommunications infrastructure, which they continue to develop. PPF Telecom Group was formed in 2013 and is based in Amsterdam, Netherlands

DEAL STATS #
Overall 4 of 4
Sector: Communications M&A 4 of 4
Type: Divestiture M&A Deals 4 of 4
Country: Serbia M&A 1 of 1
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Yettel

Sofia, Bulgaria

Yettel is a mobile network and a telecommunications company. Yettel was founded in 2001 and is based in Sofia, Bulgaria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Yettel

Belgrade, Serbia

Yettel is a provider of mobile services. Yettel was founded in 1994 and is based in Belgrade, Serbia.

Sell -

Seller(S) 1

SELLER

Telenor

Fornebu, Norway
Category Company
Founded 1855
Sector Communications
Employees10,867
Revenue 79.9B NOK (2024)
DESCRIPTION

Telenor is a Norwegian multinational telecommunications company. It is one of the world's largest mobile telecommunications companies with operations in Scandinavia, Eastern Europe and Asia. Telenor was founded in 1855 and is based in Fornebu, Norway.

DEAL STATS #
Overall 8 of 12
Sector: Communications M&A 3 of 5
Type: Divestiture M&A Deals 8 of 11
Country: Serbia M&A 2 of 2
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Yettel

Sofia, Bulgaria

Yettel is a mobile network and a telecommunications company. Yettel was founded in 2001 and is based in Sofia, Bulgaria.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 DNA Finland Oy

Vantaa, Finland

DNA Finland Oy is a Finnish telecommunications company providing high-quality, state-of-the-art voice, data, and TV services to private customers and corporations. DNA Finland is based in Vantaa, Finland.

Buy -
Mergr

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