SEAF announces the sale of SEAF Macedonia’s shares in On.Net to Slovenian Telecom. Under the agreement which was signed in Skopje on March 20, 2006, Slovenian Telecom acquired the majority stake in the Macedonian internet provider, On.Net, from SEAF-Macedonia.
SEAF announces the first closing of the SEAF South Balkan Fund, which provides equity and quasi-equity financing, in combination with technical and managerial assistance, to South Balkan small and medium enterprises (SMEs). The Fund targets small SMEs established in the Republic of Serbia, Republic of Montenegro, Republic of Macedonia and Kosovo.
SEAF investee On.Net, Macedonia’s leading wireless internet provider, is bringing wireless broadband coverage to virtually the entire country, and will elevate Macedonia from being third from the bottom in internet access in Europe to the world’s first ‘wireless’ country.