Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Croatian CATV Firm Gets $6 Million US Funding

Facebook Twitter LinkedIn Email Comments
ZAGREB, Oct. 30 -- Two US equity funds have invested $6 million in a Croatian cable television network that eventually plans to challenge the national fixed telephone monopoly once the market liberalizes in 2003.

The US-government-funded Small Enterprise Assistance Fund and private regional fund Southeast Europe Equity Fund, managed by George Soros, boosted the capital of a local cable TV operator, Digital City Media (DCM), with $3 million each. DCM has some 40,000 customers in three major Croatian cities -- Zagreb, Split and Osijek -- and plans to expand with a new broadband cable network to around 200,000 customers in 2005. The company plans to lay optic fiber cable in the three cities, a project that will cost some $40 million over four years.
Oct 2001
News & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.