Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Deutsche Telekom Expands Stake
Jul 2001
ZAGREB, Croatia, July 5 -- Deutsche Telekom gained a controlling 51 percent stake in Croatia's telecommunications monopoly after it agreed to purchase an additional 16 percent of Hrvatske Telekomunikacije in a deal worth $425 million. "This agreement is a clear sign that the government of Croatia is committed to the privatization process in the country," the Croation government said. The German phone compoany purchased a 35 percent stake in Hrvatske Telekomunikacije last October in a deal worth $850 million.
   Croatian Telecom is Croatia's third-largest company, reporting a profit of $52 million on revenue in excess of $800 million in the last fiscal year.

CommunicationsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,
x We deliver – right to your inbox. Subscribe FREE to our newsletters.