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Croatia's Tele2 to launch 4G network in Q1 2016

Croatia's Tele2 to launch 4G network in Q1 2016 Author: Georgi Georgiev. License: All rights reserved.

ZAGREB (Croatia), November 16 (SeeNews) - The Croatian unit of Swedish telecoms group Tele2 said on Monday it plans to launch 4G services in the first quarter of 2016.

The company said in a statement it has wrapped up network upgrades that will enable it to double its 3G network speeds and coverage as of mid-December.

The newly upgraded 3G network will cover 99% of Croatia's population with voice services and 97% with data services.

The Croatian wireless carrier turned to negative earnings before interest and taxes (EBIT) of 7 million Swedish crowns ($805,000/749,700 euro) in the first nine months of 2015 from a positive EBIT of 71 million crowns a year earlier as its customer base reached 885,000.

The company's capital expenditures in Croatia increased to 179 million crowns in the first nine months of the year from 46 million crowns in the same period last year.

In Croatia, a country of 4.3 million, Tele2 competes with Vipnet, a subsidiary of Austria's Mobilkom, and the mobile arm of incumbent telco Hrvatski Telekom.

(1 euro=9.311900 Swedish crowns)

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