Tele2 Croatia will operate under the name Telemach Hrvatska from today. The Dutch-based group also committed to invest up to EUR 230 million to fully modernise its mobile network and to offer a real 5G experience, as well as to build a state-of-the-art fibre optic network.
United Group, the leading provider of telecommunications services and media in Southeast Europe, will spend up to EUR 130 million on Telemach Hrvatska’s mobile network over the next five years, with a focus on expanding its network coverage, improving overall quality of its mobile service, and creating a superfast 5G mobile network starting from 2021.
In addition to investments in Telemach Hrvatska’s mobile network, United Group will also invest up to EUR 100 million in the construction of a state-of-the-art fibre optic network able to deliver ultrafast broadband at speeds of up to 10 gigabits to business and residential subscribers.
“With this investment Telemach Hrvatska will soon provide the best of future mobile network quality and new mobile services that will come together with the best fixed network available in Croatia. For our existing and future customers, this will translate into a full range of the most advanced services and products and the best quality and experience,” said Viktor Pavlinić, CEO of Telemach Hrvatska.
United Group acquired Telemach Hrvatska in May 2019. It was the first transaction the business made after it was acquired by BC Partners in March that year, in what was one of the largest ever transactions in Southeastern Europe.
“Our investment demonstrates United Group’s commitment to the Croatian market and to further strengthening our leadership position in the region.Operating in both the telecom and media sectors, as well as in e-commerce, our platform combines the leading operators and best content producers in Southeast Europe,” said Victoriya Boklag, CEO of United Group.
These latest investments – which will make United Group one of the largest foreign investors in Croatia – would help Telemach Hrvatska build on an already strong competitive position, attracting new users with network quality, an appealing offer and superior customer support.
Telemach Hrvatska will continue to offer products and services under the brand Tele2 until the company introduces a new visual identity in the first half of 2021.