Telemach Croatia to Invest 230 Million Euros in Croatian Digitisation

By 2 December 2020

December the 2nd, 2020 - Digitisation in Croatia goes slowly. In fact it goes so slowly that it's rather difficult to believe it is progressing at all when you find yourself standing in line with a bible's worth of paperwork in your hand at Fina, MUP, or some other God forsaken office full of half dead plants and even more half dead clerks. Telemach Croatia, however, understands that this is a process at which it is paramount to be at the very forefront.

As Poslovni Dnevnik writes, we're still going through the tiresome motions of a very, very challenging year which has been dominated by a public health crisis and economic woes. Despite efforts to maintain stability, the pandemic has slowed down all business activities in all economic sectors, including in the telecommunications sector. The forecasts of various economic analysts are, to say the least, discouraging, and it's to be expected that the period ahead of us will bring with it even more new challenges for the Croatian and the global economy. Investors, especially foreign ones, will be very cautious indeed, which will further slow down economic recovery.

''We're seeing the greatest opportunity in the introduction of new technologies that will enable the continued digitisation of the Croatian economy, and thus the progress of society as a whole. This new situation has clearly indicated the importance of digital transformation and, on the one hand, has accelerated its implementation. We believe that this trend will continue in the future. Our society will increasingly rely on digital solutions, and a prerequisite for this will be having more advanced infrastructure. The above is particularly true for the telecommunications industry, this means that telecom operators will need to provide sufficient network capacityies to withstand the increasing growth of data traffic.

In this regard, investments in telecommunications infrastructure will play a key role. At Telemach Croatia, we want to be the leaders in the digitisation of Croatia, because we consider it the backbone of the accelerated launch of economic progress. That's why the announced investments of our parent company, the United Group, have given us a real spring in our step. This represents one of the largest foreign investments in all of Croatia.

Thus, over the next five year period, we will invest up to 130 million euros in the further modernisation of our mobile network. We'll expand our mobile network coverage, improve the quality of the mobile service we have on offer and also introduce ultra-fast 5G technology. In addition to all of the aforementioned, we intend to invest up to 100 million euros in the construction of a state-of-the-art optical network that will provide private and business users with ultra-fast broadband Internet at speeds of up to 10 gigabits. In this way, we plan to transform the business from a segment-focused operator into a fully converged company that provides customers with high-quality telecommunications services and a superior user experience,'' they concluded from Telemach Croatia.

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