HT looking to push through Optima sale

11 Aug 2020

Croatia’s Hrvatski Telekom (HT) is set to hire an investment bank to help push through the sale of its 17.41% stake in local broadband provider Optima Telekom, as well as a 36.90% interest held by Zagrebacka Banka, which HT is authorised to sell on the bank’s behalf. HT currently holds management control rights over Optima, valid until July 2021, and began the search for a buyer for the two stakes in January this year.

It was reported in March that Amsterdam-based United Group and Austria’s A1 Group were interested in bidding for Optima, but the sale process has been delayed by the COVID-19 outbreak and the earthquake which hit Zagreb in March.

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