ZAGREB, April 19 (Hina) - United States-based investment company Adriatic Net Investors (ANI) will invest US$5 million in Croatia's Iskon Internet company. The U.S. investor will thus take over 51 percent of the Croatian company which
provides Internet services in Croatia, Iskon Internet representatives told reporters in Zagreb on Wednesday. ANI president Gavin Susman said lack of capital was the only problem hampering Internet development in Croatia. ANI has been active in Central Europe for a decade, and plans on investing US$25 million in high technology- and Internet-related projects in Central and East Europe. Iskon Internet intends to build an independent Internet network in Croatia. The company has already built its network centres in Zagreb, Pula, and Rijeka, whereas Split and Osijek should be covered in the second half of May. Plans include expanding business in Bosnia-Herzegovina. Iskon In
ZAGREB, April 19 (Hina) - United States-based investment company
Adriatic Net Investors (ANI) will invest US$5 million in Croatia's
Iskon Internet company.
The U.S. investor will thus take over 51 percent of the Croatian
company which provides Internet services in Croatia, Iskon
Internet representatives told reporters in Zagreb on Wednesday.
ANI president Gavin Susman said lack of capital was the only problem
hampering Internet development in Croatia. ANI has been active in
Central Europe for a decade, and plans on investing US$25 million in
high technology- and Internet-related projects in Central and East
Europe.
Iskon Internet intends to build an independent Internet network in
Croatia. The company has already built its network centres in
Zagreb, Pula, and Rijeka, whereas Split and Osijek should be
covered in the second half of May. Plans include expanding business
in Bosnia-Herzegovina.
Iskon Internet's services are expected to cost less than Croatian
Telecom's.
(hina) ha jn