United Group B.V., the leading cable and pay TV operator in South Eastern Europe, announces a disposal of its non-core operations in Croatia through the sale of a 100% stake in Total TV BV, the Dutch parent company of Totalna Televizija doo, to V-Investment Holdings B.V., an entity owned and controlled by Mr. Lyubomir Minchev, a well-known entrepreneur in the region and founder of multinational network integrator Telelink Group.

Through this transaction United Group has fully withdrawn from the non-core Croatian retail Pay-TV distribution market, which will allow for greater management focus on and allocation of capital resources to its core operations.

The Board of Directors of United Group is pleased with the terms of the transaction and believes that it is leaving the company and its subscribers in capable hands.

As part of the transaction, United Group has agreed to provide full technical support to Totalna Televizija doo during the 12-month transitional period to allow for smooth ownership transition while maintaining the highest quality end-user experience.