United Group
Hoofddorp-registered telecoms and media group operating Telemach, Nova and Vivacom in Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Greece and Bulgaria. It reported Q1 2026 revenue of 717.7 million euros.
Industry: Telecommunications and media | Location: Hoofddorp, Netherlands | Founded: 2007
About United Group
United Group B.V. is a telecommunications and media group in Southeast Europe. It lists its address as Hoofddorp in the Netherlands and operates under the Telemach brand in Slovenia, Croatia, Bosnia and Herzegovina and Montenegro, Nova in Greece and Vivacom in Bulgaria. In its 2026 results releases it names Bulgaria, Croatia, Greece and Slovenia as its core markets.
According to Wikipedia, the group was formed in 2007 through a merger of Serbia Broadband and Telemach companies in Slovenia and Bosnia and Herzegovina. Stan Miller is chief executive. The leadership page lists Kim Kyllesbech Larsen as chief technology and information officer, Tim Pennington as group executive director for finance and M&A, and the chief executives of the operating companies, including Asen Velikov at Vivacom and George Lamprou at Nova Greece.
The group's website lists cable television, broadband, digital voice and mobile services, pay-TV channels, original productions and a software development unit, United Cloud. On 17 September 2026 it announced the rollout of EON 3.0, a third-generation cloud television platform, which was live in Slovenia, launched in Bulgaria with Vivacom on 16 September and due to follow in Greece under the Nova brand and in the remaining Telemach markets.
In July 2023 TAWAL, the Saudi tower company, announced the purchase of United Group's tower business in Bulgaria, Croatia and Slovenia, comprising more than 4,800 towers, as Capacity reported; TechScoop later reported a price of 1.22 billion euros. The group said in December 2025 that it had sold its Serbian assets earlier that year.
For the three months to 31 March 2026, United Group reported revenue of 717.7 million euros, up 14 percent, and adjusted EBITDAal of 232.5 million euros. Revenue over the preceding twelve months was 2.8 billion euros and adjusted EBITDAal 950 million euros. It refinanced 1.13 billion euros in January 2026, with maturities extended to 2033. Its 2025 Sustainability Report, published on 21 September 2026, restates a target of net zero emissions across its value chain by 2040. The sources read do not state who owns the group.
Leadership
- Stan Miller, Chief Executive Officer
- Kim Kyllesbech Larsen, Chief Technology and Information Officer
- Tim Pennington, Group Executive Director Finance and M&A
- Janez Živko, Vice President Finance
- Asen Velikov, Chief Executive Officer, Vivacom Bulgaria
- George Lamprou, Chief Executive Officer, Nova Greece
- Adrian Ježina, Chief Executive Officer, Telemach Croatia
- Tomislav Čizmić, Chief Executive Officer, Telemach Slovenia