Hrvatski Telekom begins sale of shares in Optima Telekom

4 Feb 2020

Croatian full-service telco Hrvatski Telekom (HT) has announced that on 31 January 2020 it started the sale process of its 17.41% stake in Optima Telekom. The deadline for the submission of offers expires on 2 March 2020. HT currently holds management control rights over Optima, valid until July 2021, whilst a Croatian Competition Agency (AZTN) ruling obliged it to launch the sales procedure for all its Optima shares, wherein it also has the right to ‘co-sell’ the 36.90% of shares in Optima held by Zagrebacka Banka (Zaba).

Croatia, Hrvatski Telekom (HT), Optima Telekom (incl. H1 Telekom)