Croatia’s Optima Telekom begins share sale

7 Apr 2015

Croatian broadband internet provider Optima Telekom has been granted approval to sell 60.7 million ordinary shares on the Zagreb Stock Exchange, with the shares priced at HRK10 (USD1.44) each. Trading is due to begin today (7 April), local news source Poslovni Dnevnik reports. The move is designed to help reduce crippling debts at Optima; the firm is currently under the management control of Croatia’s former monopoly operator T-Hrvatski Telekom (T-HT) as part of a pre-bankruptcy agreement forged last year. Debt levels have already been lowered from HRK1.15 billion to HRK589 million.

Croatia, Optima Telekom (incl. H1 Telekom)