The Competition Authority is investigating Telemach ad Podgorica's intended acquisition of M-Kabl doo Montenegro. Both Telemach and M-Kabl are involved in media content distribution and internet access.

The authority has established that both parties are competitors in ??at least seven municipalities within Montenegro. It has also determined that the market is already extremely concentrated, with a Herfindahl-Hirschman index of 3,893, and an anticipated Herfindahl-Hirschman index of 4,250 following the concentration.

The authority will investigate before deciding whether to approve the transaction.

For further information on this topic please contact Srdjana Petronijevic at Moravcevic Vojnovic i Partneri in cooperation with Schoenherr by telephone (+381 11 320 26 00) or email (s.petronijevic@schoenherr.rs). The Moravcevic Vojnovic i Partneri website can be accessed at www.schoenherr.rs.

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