Telekom Austria´s Vipnet Invests in Croatia

CompaniesTelecoms ♦ Published: October 30, 2012; 13:59 ♦ (Vindobona)

Telekom Austria´s Croatian subsidiary Vipnet Acquires 10 MHz of 800 MHz Spectrum for approximately € 20m in Croatia.

Telekom Austria´s Vipnet Invests in Croatia / Picture: © Vindobona.org

Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announced that Vipnet, its Croatian subsidiary, has obtained a 10 MHz paired frequency block (total of 20 MHz) of the 800 MHz frequency spectrum for a total of HRK 150 million (which equates to approximately EUR 20 million).

The sale of blocks within the 800 MHz spectrum, so called “Digital Dividend”, was conducted by…