Telekom Austria and Vipnet expect more favourable regulations for investment

The Croatian legislative framework is unfavourable for investment by telecommunications companies in fixed broadband Internet infrastructure and the country should do more to improve the situation, Telekom Austria Group CEO Alejandro Plater and Vipnet CEO Jiri Dvorjancansky told a press conference at Vipnet's head office in Zagreb on Tuesday.

Vipnet posts 8.6% higher revenues, 12.3% higher EBITDA in 2016

The Vipnet telecommunications company in 2016 earned revenues in the amount of EUR 398.3 million, 8.6% more than in 2015, while its earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 12.3% to EUR 88.3 million.

Vipnet taking over Metronet

Vipnet, a mobile network operator company, has acquired a controlling share in the company "Metronet Telecommunications", and the completion of the transaction is expected in Q1 2017, after the AZTN regulator gives its approval.

Vipnet, Viber agree to cooperate

OTT refers to delivery of audio, video, and other media over the Internet. The provider uses the existing Internet access to deliver content to its users such as Netflix, Amazon and YouTube, or to enable communication, including Viber and WhatsApp.