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Nov 26, 2007 11:44 EEST
November 26 (SeeNews) - Croatian fixed-line operator H1 expects its 2007 revenue to rise by 78% year-on year to 80 million kuna ($16.2 million / 10.9 million euro), and to continue to grow next year, the company said on Monday.
"The growth in revenue will be at least 40% for 2008," H1 told SeeNews.
The company announced last week a nine-month revenue of 57.4 million kuna, 96% up compared to the same period last year.
H1 said it has a 5.0% market share by number of users, adding that 90% of the banks in Croatia use its services. H1 has more than 75,000 users in Croatia. It expects this number to exceed 85,000 by the end of the year, and its market share to expand.
Fixed-line penetration rate in the Adriatic country, where some 10 fixed-line service providers offer commercial services, is some 40%.
H1 (www.h-1.hr), headquartered in Split, has two offices in Zagreb and branches in Rijeka and Osijek.
(1 euro= 7.3223 Croatian kuna)
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