Kaprain has agreed to the sale of high-speed internet and TV content provider Nej.cz to CETIN.

If the transaction is approved by the Office for the Protection of Competition, CETIN will primarily acquire high-speed optical infrastructure serving half a million homes in several Czech regions.

Nej.cz currently has nearly a quarter of a million homes connected, providing internet access, IPTV, and voice services. Not only does Nej.cz operate three datacentres and offer streaming services in the B2B segment, it also operates the internet TV station Kuki and offers other TV platforms as well.

The price, comfort, and range of services provided by Nej.cz to customers will remain unchanged, and Nej.cz will remain the internet service provider for its end users.

Furthermore, the future incorporation of Nej.cz’s customers into CETIN’s infrastructure could lead to further developments and new services. This acquisition does not change CETIN’s model of offering wholesale services to other operators.

“CETIN will fully leverage Nej.cz’s infrastructure, knowledge, and capabilities for the further ambitious development of telecommunications infrastructure,” CETIN Chairman of the Board Juraj Šedivý said.

“We built Nej.cz into the third-largest player on the market, primarily as a result of acquiring the most promising telecommunications companies across the country. At this time, we don’t see any significant acquisition opportunities, nor any space for our own expansion. We’ve thus completed the investment cycle, and we’re divesting of Nej.cz at the right time,” KAPRAIN founder Karel Pražák explained.

“As part of the careful selection process with tens of foreign and domestic investors, CETIN tendered the best offer and concurrently showed itself to be the best partner to further develop the infrastructure and services that Nej.cz offers its clients,” KAPRAIN CIO Marcel Dostal explained.

Deloitte Czech Republic was the advisor in the sale, while BBH provided legal advice to the seller and White & Case aided the buyer.

Both sides agreed not to comment on the details of the agreement. The completion of the transaction is pending approval from the Office for the Protection of Competition.