ZAGREB (Croatia), September 16 (SeeNews) -Telemach Croatia, a unit of Dutch multi-play and media group United Group, said on Thursday it was investing 1.7 billion kuna ($ 267 million / 227 million euros) in construction – today establish an optical network and upgrade your mobile network.
The 10 gigabit optical network that the company is building would be the fastest in Europe, comparable in speed and quality only to the existing network in South Korea, which holds the world record in internet speed, said Adrian Jezina, CEO of Telemach in Croatia and Slovenia. .
United Group entered Croatia in March 2020 when it completed the acquisition of the local business of the Swedish telecommunications group Tele2. In July, United Group announced that it had agreed to buy a 54.31% stake in Croatian fixed internet and pay TV service provider OT-Optima Telekom [ZSE:OPTE].
In August, the Croatian telecommunications regulator granted national frequency licenses for 5G mobile networks to Telemach Croatia.
“In addition to building a fixed network, Telemach Croatia is working intensively on upgrading its existing 4G mobile network and introducing a 5G network to provide all its customers in Croatia with the same level of mobile service in the next year. launched its first 5G base stations in Zagreb and Osijek, as the speed of its 5G network reached 1.8 Gbps “, the company announced.
Telemach Croatia is intensively building its network on the model of the Vivacom United Group unit in Bulgaria and its unit in Slovenia, which have the fastest mobile networks among the group members.
Founded in Serbia and headquartered in Amsterdam, United Group operates in Bosnia, Croatia, Northern Macedonia, Montenegro, Serbia and Slovenia through brands such as SBB, Telemach and United Media and through channels such as SportKlub, Nova TV and N1TV, and global OTT service. Last month, it signed a contract to take over Greek telecommunications operator Wind Hellas.
Shares of OT-Optima Telekom were traded at HRK 4.85 on the Zagreb Stock Exchange on Thursday, down 1.02%.
(1 euro = 7,498 Croatian kuna)