Optima optimistic in the long term

25 Jan 2007

Croatian alternative fixed line operator Optima Telekom says it aims to acquire over 20% of fixed telephony subscribers by the year 2016, reports local news service Croatia Today. According to the report, by the end of 2006 Optima’s telephony, dial-up internet and broadband services were used by a total of more than 170,000 customers, including around 8% of all households and ‘several thousand’ business users. In 2006 Optima posted losses of HRK80.5 million (USD14.2 million) on revenues of HRK182.6 million, but it expects to turn a profit within four years and expects annual turnover to grow to HRK1.2 billion within ten. Optima plans to focus on broadband and dual-play services as well as WiMAX internet access. According to its forecasts, by the end of 2007 Optima’s services will be used by 230,000 retail clients, 150 large domestic companies, 400 small and medium-size businesses and 15,000 entrepreneurs. TeleGeography’s GlobalComms database notes that Optima began its operations in the business market in May 2005 and launched residential carrier pre-selection telephony the following month. In the fourth quarter of 2005 it won WiMAX licences for several regions. After finishing 2005 with 35,000 carrier pre-selection telephony users, its total customer base rose to 115,000 by end-June 2006. It announced the launch of ADSL services over its own network in Osijek, Eastern Croatia in October 2006, using the OptiDSL brand name.