Croatian wireless unit Vipnet, owned by Telekom Austria, said it had agreed to fully take over the biggest domestic cable operator B.net for EUR 93mn, Telekom Austria said in a news release. The total purchase price will be paid upon closing of the transaction, which is expected for the second half of 2011. The acquisition of a cable operator will allow Vipnet to participate in the anticipated strong growth of fixed broadband, TV-services and convergent products in the Croatian market and to position itself as a fully integrated operator, said Telekom Austria CEO, Hannes Ametsreiter. Vipnet's market share expanded to 43.1% as at end- 2010 from 42.6% a year earlier. B.net occupies a 7% share on the fixed broadband market and a 22% share on the Pay-TV market. |
The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more
Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more
Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more