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Regulatory body against plans of T-HT to take over Iskon Internet

ZAGREB, April 14 (Hina) - The Croatian Telecommunications Agency (HAT)will use all the available legal means to try to prevent the takeoverof the Iskon Internet web portal by the HT- CroatianTelecommunications, the HAT stated in a press release on Friday.
ZAGREB, April 14 (Hina) - The Croatian Telecommunications Agency (HAT) will use all the available legal means to try to prevent the takeover of the Iskon Internet web portal by the HT- Croatian Telecommunications, the HAT stated in a press release on Friday.

HAT Board members do not believe that the announced takeover would be to the benefit of the liberalisation of the market.

The competitiveness of an offer should be the appropriate manner to take over parts of the market rather than buying market rivals.

The HAT is analysing a possible impact which this acquisition could produce on the market and is adamant about taking measures from the remit of its activities so as to prevent the abuse of the superior position on the telecommunications market.

The media have recently announced that the T-HT plans to acquire strategic stocks in the Iskon Internet web portal and that the transaction is due to be completed by 15 May. No other financial details have been given.

Last year, Iskon Internet registered a net profit of five million kuna from the earnings coming to 80.8 million kuna.

(1EUR = 7.35 kuna)

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