In order to stop dissemination of media speculation on HAKOM’s temporary decision, by which evotv acquisition cannot be completed before examining of all circumstances, we deem it appropriate to highlight kay facts of the transaction.
On 27 November 2018 Hrvatski Telekom announced it has signed a Purchase Agreement with the company HP-Hrvatska pošta d.d. on acquisition of 100 percent stake in the company HP Produkcija d.o.o., provider of evotv service. On that occasion it was announced that the transaction is subject to regulatory approvals and its finalization is expected by the end of 2018.
Hence, the main component of such process is getting approval from HAKOM and it is not unusual that approval process takes more than 30 days. The process itself consists of examining sequence of circumstances and facts and Hrvatski Telekom is actively participating in it by delivering information and evidences.
Regulator’s process activities are still underway and that’s why we are not able to comment them. After HAKOM reaches final decision, HT will timely make related announcement.