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Croatia's HT to invest 19 mln kuna (2.5 mln euro) in fiber-optic infrastructure

Author Iskra Pavlova
Croatia's HT to invest 19 mln kuna (2.5 mln euro) in fiber-optic infrastructure Author: Hrvatski Telekom. License: All rights reserved.

ZAGREB (Croatia), September 17 (SeeNews) - Croatia's Hrvatski Telekom (HT) [ZSE:HT] said it has started a 19 million kuna ($3.0 million/2.5 million euro) investment project in fiber-optic infrastructure in the area of the eastern city of Slavonski Brod.

"The realization of this project will improve the customer experience and enable the seamless use of advanced and innovative digital products and services such as e-Citizens, e-school, e-health, and e-parking, the use of which requires high access speeds," HT said in a statement on Wednesday.

"At the same time, the introduction of fiber-optic infrastructure will contribute to increasing the competitiveness of the local economy," it added.

The project will include several communities in the Slavonski Brod areat, allowing 8,000 households to use the fiber-optic infrastructure that enables ultra-fast internet with speeds over 100 Mbit/s.

The first users will be connected in early November, with the speed of the service expected to reach over 1 Gbit/s in the future.

HT also said it is preparing the design of the fiber-optic network in other areas in Slavonski Brod, where the fiber-optics deployment will take place by the end of 2020.

(1 euro = 7.53989 kuna)

Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies