HT - hrvatski telekom.jpg

The Croatian telecommunications market has begun to recover after several years of decline, however, further development and better results require investment and stronger focus on digital business models, heard a conference "Trends in Telecommunications in 2016", held in Zagreb on Tuesday.

The regular annual conference, organised by the Lider business weekly and the PwC Croatia consulting firm, attracted about 200 participants including executives of the largest telecommunication companies in Croatia.

The Hrvatski Telekom (HT) board chairman, Davor Tomaskovic, said that based on current trends, a continuing recovery could be expected in the sector this year. 

"The market has stopped contracting. We expect this year to be financially similar to last year and as there can be no development without investments, HT will continue to invest in broadband infrastructure and increase its capacities in mobile and landline networks and that will most certainly be more than one billion kuna," he said.

Tomaskovic added that those investments would depend on obstacles like red tape and what the government intends to do.

Recalling that in 2015, HT invested HRK 1.3 billion to strengthen its network, Tomaskovic underscored that Croatia's position had improved significantly with regard to broadband access over the past two years and particularly last year. 

"Croatia is currently at the very top in the EU with regard to mobile internet. It is lagging behind in the landline network, however, that situation will improve and I believe that we will stand better in about two years once the announced investments are realised, at least those conducted by HT," he said.

The thing that interests our users the most is the price of services which will not fall for the time being, said Tomaskovic. This was confirmed by Jiri Dvorjancansky, chairman of the board of the second largest telecommunications company in Croatia - Vipnet. 

Dvorjancansky added that he was satisfied with the company's business results in 2015 (to be presented next week) which has resulted due to increased demand in Croatia for attractive and convergent services (combined TV, Internet, mobile and landline phone services) and faster data transfer.

After several years of falling, last year the mobile phone segment market stabilised and a growth in the mobile and landline broadband market was recorded which now covers all of Croatia," Dvorjancansky said.

"This year and next, every segment, including telecommunications, can expect digitilisation, a process which many compare with the invention of the steam engine because literally everything in our lives will be digitalised...and that will change our image of the world. That will lead to completely new business models that we cannot even imagine now," the Iskon company's chairman of the board Sasa Kramar said.

Related stories

HT revenues stagnate, net profit rises in first nine months

Vipnet taking over Metronet

AT&T to buy Time Warner in 85.4-billion-dollar deal

Nokia reports fourth-quarter net profit of 563 million dollars

Latest news

Serbia's EU negotiator says minority rights neglected

The head of the Serbia's European Union accession negotiation team, Tanja Miscevic, said in Novi Sad on Wednesday that minority rights had been neglected for many years and added that positive results in that regard cannot be achieved over night, the Beta news agency has reported. 

Scientists: Nearby star's 7 rocky planets are "best bet" for life

New analysis of telescope data shows a dwarf star just 40 light years from Earth has at least seven apparently rocky planets with potential to harbour water, an international team of scientists announced Wednesday.

Croatian PM receives EIB Vice-President

Prime Minister Andrej Plenkovic met on Wednesday with European Investment Bank (EIB) Vice-President Dario Scannapieco for talks on the bank's contribution to a new investment cycle in Croatia and its support to the Croatian government to implement key projects, a press release from the government's office said.

Bomb explodes outside police officer's home in Northern Ireland

A bomb exploded outside a police officer's home in Northern Ireland on Wednesday but there were no immediate reports of casualties.

Denmark to charge man with blasphemy over burning Koran

Danish prosecutors said Wednesday they have opened a rare blasphemy case against a man who videotaped himself burning a copy of the Koran.

South Africa to raise taxes for the wealthiest

South Africa will raise the income tax rate for the country's wealthiest to 45 per cent from 41 per cent, Finance Minister Pravin Gordhan announced Wednesday.

Reformist Macron wins support of key centrist leader for French vote

France's reformist presidential hopeful, Emmanuel Macron, got a boost on Wednesday when he picked up the support of a party leader whose centrist constituency played a pivotal role in the last two presidential elections.

Amnesty International warns of nationalist rhetoric and hate speech in Croatia

Croatia continues to have problems with discrimination against ethnic minorities and with freedom of the media, while heightened nationalist rhetoric and hate speech during election time contributed to growing ethnic intolerance and insecurity in the country, global human rights watchdog Amnesty International said in its annual report on the state of human rights in the world in 2016/2017.

Official assigned to Wilders' security team held by Dutch police

A security official assigned to protect Dutch far-right politician Geert Wilders is being held by police on suspicion of passing along classified information about the lawmaker to a Dutch-Moroccan crime gang.

100th anniversary of rescuing starving children marked

A special ceremony was held in Zagreb's Croatian National Theatre on Wednesday to mark the 100th anniversary of one of the greatest humanitarian undertakings in the history of the Croatian people which saved children in Croatia and Bosnia and Herzegovina from famine in the last two years of World War I.

Italy's 'Red Thing' could make impact in election debut, polls show

Two polls conducted for RAI public broadcaster released Wednesday showed a new entity that split from Italy's ruling Democratic Party

Council: Nixing grants to "Novosti" would cause far-reaching implications

The Council for National Minorities, a state-level autonomous umbrella organisation for all ethnic minorities in Croatia, has stated that the cancellation of financial grants to the "Novosti", a newspaper of the ethnic Serb minority, would produce far-reaching implications and stir criticism for reduction of free speech and of freedom of expression of the most numerous ethnic minority.