Croatia's Optima Telekom pares H1 net loss 87% y/y - table

In the first six months of 2021, Optima Telekom's operating revenue was 0.5% lower year-on-year at 224.2 million kuna, following an annual increase by 2.5% to 115.7 million kuna in the second quarter, the company said in a consolidated unaudited financial statement filed to the Zagreb bourse.

Details follow (in millions of kuna):

On July 9, Dutch-based multi-play and media provider United Group signed a deal with Hrvatski Telekom and Zagrebacka Banka to acquire a 54.31% stake in Optima Telekom for an undisclosed sum. The closing of the deal depends on an expected change in Croatia’s Electronic Media Act, which now prohibits vertical integration between pay-TV broadcasters and distributors. The deal is also conditional upon approval by relevant competition authorities.

Optima Telekom's shares traded 0.61% lower at 4.87 kuna on the Zagreb bourse intraday on Wednesday .

(1 euro= 7.507 Croatian kuna)