Main location: Belgrade, Serbia
Investment date: December 2016
Exit date: November 2018
Investment cost: III
In December 2016, Abris acquired a majority stake in Kopernikus Technology, the #2 cable TV and broadband service provider in Serbia. Abris will partner with the founders, Srđan and Zvezdan Milovanović, to accelerate the company’s growth and to further expand its network.
Founded in 1998, Kopernikus initially distributed telecoms equipment before launching its own cable TV service.
The Company has since established a leading position through consistent investment in technology, the build-out of its fibre optic network, and through the quality and breadth of its content for subscribers. Kopernikus is the leading consolidator of Serbia’s cable sector, having acquired and successfully integrated more than 20 smaller cable TV service providers.
The Company has ambitious plans for further expansion of its fibre optic network and its CATV, broadband, OTT and fixed voice services, both organically and via acquisitions. With sophisticated technology and superior content, Kopernikus has a strong platform from which to expand its business.