Croatia’s Competition Agency (Agencija za zastitu trzisnog natjecanja, AZTN) has announced a three-month extension to its review of the proposed merger between domestic ISPs Optima Telekom and H1 Telekom. The deal was first announced in August last year and the firms had hoped to complete the tie-up by early 2017, with the regulator originally due to make a decision by 13 February.
Optima is currently under management control of T-Hrvatski Telekom (T-HT), while the Deutsche Telekom subsidiary also holds a 19% stake in its smaller rival. Optima’s largest shareholder is Zagrebacka Banka (Zaba) with a 40% interest. H1 Telekom is majority owned by its founder Zoran Curkovic, while Croatian state-run bank Hrvatska Postanska Banka (HPB) has a 41.25% stake.