A1 Telekom Buys Bulgarian STEMO

A1 Telekom Austria Group agreed to acquire STEMO, one of the largest Bulgarian ICT companies. The Austrian operator thus continues to pursue its strategy, by expanding its scope through targeted, value-enhancing acquisitions.

STEMO is a market leader in ICT in the Bulgarian market and with its expertise and track record will support A1 by shaping another pillar of the Group´s strategy - the digital transformation as a key criterion for future success. With this acquisition, A1 Bulgaria will become the ICT market leader in the country and with its 30-year experience, well-developed network, and expert team, STEMO will work in cooperation with A1 Bulgaria to further improve and expand its integrated IT business solutions for corporate clients. The collaboration in the field of system integration, IT infrastructure, connectivity, cyber security, and video surveillance will lead to substantial synergies and growth opportunities, which will result in additional benefits for the users of ICT solutions.

“The acquisition of STEMO will contribute to the expansion of our share of the ICT business solutions market. Ultimately, the addition of STEMO to A1’s family will help our common goal - to solve the challenges that our corporate clients face with the help of the new technologies most quickly and efficiently possible. The deal is a natural step in the development of our IT expertise, and it will allow us to offer more complex technological solutions to private, public, and government entities, no matter of their industry or size,“ said Alexander Dimitrov, Chairman of the Management Board and CEO of A1 Bulgaria.

“STEMO has a 31-year history on the market, and we have always been amongst the leading IT companies in the country. We are proud of the skills and the professionalism of our employees, with whom we are working for so many years. The deal with A1 Group will allow us to better utilize our capabilities and to offer IT solutions to more international clients. I am sure that the cooperation will improve the level of technological development in Bulgaria“, said Georgi Tihov, Co-founder and CEO of STEMO.