Following the notification from May 2024, Croatian Telecom Inc. (hereinafter referred to as „HT“) announces that the Supervisory Board of HT, at today's session, gave the approval for the commencement of the procedure for the separation of passive mobile infrastructure assets into a company 100% owned by HT. In line with the growing EU trend of separating tower infrastructure into subsidiaries, which has already been implemented in the local market, HT confirmed, through analysis, that separation of passive mobile infrastructure assets and its transfer into a subsidiary specialized in infrastructure management would positively impact the operational efficiency of the HT Group.
Activities to follow are subject to corporate approvals, and it is expected that the procedure could be completed in the third quarter of 2025.
HT will provide timely updates on key development throughout the process.