On 29 December 2015, the Montenegrin Agency for Protection of Competition (“Agency“) issued its first conditional approval of a concentration, this time between Telemach A.D. Podgorica (“Telemach“) and M-Kabl doo Podgorica (“M-Kabl“). The concentration is a result of an indirect acquisition of full control over M-kabl by KKR & Co. L.P, registered in United States, through its subsidiary United Group B.V, registered in the Netherlands and its Montenegrin subsidiary Telemach. Both Telemach and M-Kabl are active on the relevant markets of distribution of media contents and provision of direct Internet access services in Montenegro. The preliminary assessment conducted by the Agency raised concerns about the effect of the concentration on these two relevant markets, as well as on the
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The Montenegrin Competition Authority issues a conditional approval of a concentration in the markets of distribution of media contents and provision of direct internet access services (Telemach / M-Kabl)
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