Telemachus nonetheless with out a selection at the charge increase. After huge towns, they're now increasing their optics to smaller ones as properly

By the end of the year, Telemach Hrvatska expects whole consolidation of the enterprise and integration of enterprise tactics, and with endured investment and commercial enterprise boom, it'll have a positive “coins go with the flow” in 2024, the chairman of the board of that telecom, Adrian Ježina, introduced on Tuesday at a assembly with newshounds.

– Our transition is coming to an end. Last yr, we incorporated Optima telecom into Telemach, which continues to be being ‘adjusted’, we maintain to construct both cellular and stuck networks, with 5G we've precise coverage, specifically within the Adriatic, and we're growing in all respects. We also have greater than one thousand personnel, of which extra than 760 are everlasting, and the wide variety of these who've a enterprise connection with Telemacho is likewise developing – said Ježina.

Without supplying monetary data on operations for 2022, that allows you to be finished after June 30, he said that now they nonetheless have a bad “cash go with the flow”, but that they preserve with investments, which incorporates the ninety four million euros they invested this 12 months. Within the radio frequency spectrum.

– At the moment, our earnings is much less than our investments, and we were now not even ‘obliged’ to pay additional profits tax – he delivered, noting that they are “pleased with their cell network, with which they multiplied their marketplace share by using 0.7 percentage”.

They plan to keep growing their market percentage, in addition to the percentage of residential and commercial enterprise customers, who now have greater than 1,000,000 in general inside the cellular network.

– Now it's also a ‘healthier’ base of mobile customers, due to the fact increasingly more of them are postpaid (with subscription), and our base of customers in the constant network is likewise growing, which is now greater than one hundred thousand”, Ježina introduced, commenting that Telemach with its investments in the constant network, i.E. Optics “shaken up” the Croatian telecom market and gave it a new dynamic.

With optics, after huge cities, they're now moving to smaller ones, and presently they've about a hundred thirty,000 so-referred to as of domestic passes, i.E. There are so many rental/house doorways in Croatia, even as through 2025 they plan to growth that wide variety to 500,000.

– In everything we've accomplished from 2020 until now, with the purchase of Optima, investments in frequencies and other vital things for the enterprise, consisting of ESG, i.E. Section of sustainable commercial enterprise, with the procurement of renewable electricity sources and secondly, this yr Telemach’s investments will attain 1/2 one thousand million euros – said Ježina.

He also referred to the parent United Group and their sale of the Towers segment for around 1.2 billion euros, announcing that the transaction can be finished by means of the cease of this 12 months and could allow the refinancing of the Group’s responsibilities in 2024 and 2025, and as a consequence in addition business development.

Deregulation of optics and indexing

He marked the deregulation of optics as a current subject matter at the telecom marketplace, which a few telecoms are advocating for, in part due to the financing of the ‘pulling’ of optics into rural areas with European money, which would in all likelihood reduce costs. In Telemach, but, they're now not in want of this deregulation due to the fact they trust that the Croatian optics market is not yet sufficiently evolved as in a few European international locations.

– At least three operators are had to build and expand that market, and for the proportion of the most important one, that's now over 40 percent, to be less than that – believes Ježina.

About the utility of indexation, i.E. Index clause with a positive increase in charges as soon as a 12 months due to adjustment to inflation, he said that Telemach has now not but decided in this, however he added that “because of all of the costs and rate will increase, it is a query of how long it will likely be viable to survive without it”.