Croatian Telecom (Reuters: HT.ZA; Bloomberg: HT CZ, hereinafter: “HT”), the leading telecommunications services provider in Croatia, announces that, following the receipt of the required regulatory approvals, it signed the Share Transfer Agreement on 31 July 2026, thereby completing the acquisition transaction of PRO-PING d.o.o. and becoming the holder of all ownership interests and the sole member of the company.
In April 2026, HT announced that it had entered into a Share Purchase Agreement for the acquisition of all ownership interests in PRO-PING d.o.o., a regional broadband services provider, and that completion of the transaction was subject to obtaining the required regulatory approvals, which have now been received.
Nataša Rapaić, President of the Management Board of Croatian Telecom, said:
"Croatian Telecom is leading investments in the development of Croatia's digital infrastructure. The acquisition of PRO-PING is another step in delivering on this strategy and reaffirms our commitment to expanding gigabit networks that strengthen the competitiveness of the Croatian economy, foster digital inclusion and support balanced regional development. Our goal is to provide the highest quality of service to all customers in Croatia, regardless of where they live or operate, while contributing to the creation of development opportunities for social progress and economic growth. We will continue investing to deliver the best customer experience across Croatia, create value for local urban and rural communities as well as our shareholders, and ensure the Company's sustainable growth."
Headquartered in Pitomača, PRO-PING was established in 2010 and provides broadband services through its fiber-optic and wireless network, with a particular focus on rural and less urban areas in the Virovitica-Podravina, Koprivnica-Križevci, Bjelovar-Bilogora, Brod-Posavina, Požega-Slavonia, and Osijek-Baranja counties.
As of 31 December 2025, PRO-PING served approximately 17,000 customers and employed 17 people. The company generated revenue of EUR 3.5 million in 2025.