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Acquisition of IskonInternet by T-HT for EUR13.7 million

ZAGREB, May 30 (Hina) - T-Croatian Telekom (T-HT) has become the owner of all the shares in IskonInternet, which will remain an independent legal entity but the T-HT will supervise it through the Supervisory Board. The acquisition cost 13.7 million euros, T-HT reported on Tuesday.
ZAGREB, May 30 (Hina) - T-Croatian Telekom (T-HT) has become the owner of all the shares in IskonInternet, which will remain an independent legal entity but the T-HT will supervise it through the Supervisory Board. The acquisition cost 13.7 million euros, T-HT reported on Tuesday.

The T-HT Group provides fixed network telephony and online services, united by the T-Com brand, as well as mobile communication services under the T-Mobile brand.

T-HT will not integrate Iskon into its portfolio given that Iskon services are complementary to T-HT services.

Iskon has 111 employees and its revenue came to 81 million kuna last year.

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