BC Partners-backed United Group completed the acquisition of Croatian business of Tele2 for $245m.

BC Partners-backed United Group, an alternative telecom provider, completed the acquisition of the Croatian business of Tele2, a European telecommunications operator, for $245m. "We are proud of the business we have built in Croatia and especially its outstanding development in the last two years, driven by our talented employees and our valued customer base. We believe Tele2 Croatia will create even greater value for our customers going forward, as part of United Group’s family of telecom and media companies. For Tele2, this opportunity enables an increased focus on successfully executing our strategy in the remaining footprint. I would like to thank the Croatian team for their engagement and many contributions to Tele2 over the past 14 years," Anders Nilsson, Tele2 President and CEO.