Hrvatski Telekom mulls merger of HTS unit

"The goal is to assess the potential for increased operational efficiency, faster and better customer service, and further strengthening of Hrvatski Telekom's market position," the company said in a filing to the Zagreb bourse.

A decision will depend on the results of the analysis, after which the necessary corporate approvals would be sought.

Hrvatski Telekom transferred its network infrastructure unit to ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT] in September 2014. In June 2023, Hrvatski Telekom decided to take it back. In November 2023, the subsidiary was renamed HTS from Ericsson Nikola Tesla Servisi (ENTS).

Hrvatski Telekom’s shares traded 0.66% higher at 30.30 euro ($32.43) on Friday afternoon on the Zagreb bourse.

($ = 0.934 euro)