Earlier this week the Croatian Post and Electronic Communications Agency (HAKOM) released a media statement in which they- presented results of their latest research on the Croatian telecommunication market and the changes occurred during Q2 2018. As a result we bring you an overview of some key market trends.
According to the statement the total number of investments in fixed network was 20% lower during the first six months, while mobile network investments recorded an increase of 40% compared to the same period last year. The bulk of that growth was contributed by investments into the new radio frequency spectrum. However, operators are expected to invest more regarding the access to broadband infrastructure in fixed networks, especially the investments in new generation networks (NGA).
CAPEX of Telecoms Operating in Croatia
Source: Financial Reports, InterCapital Research
Turning our attention to the number of users, at the end of June 2019, there were more than 1,145,000 broadband connections in fixed networks, which is about 3 % more than registered in June, 2018. There is still an increase in fibre optic service, although still less than 10 % of the Internet users through fibre optic infrastructure. Also note that Q2 2019 recorded the growth in the usage of mobile communications service in the electronic communications market, which is connected to the new tourist season. Furthermore, data services continued to grow as all three mobile network operators promoted offers for bundles of voice and data tariffs.
Number of Fixed Broadband Lines
Total Number of Mobile Telephony Subscribers
Source: HAKOM, InterCapital Research
Market share wise, Croatia has been witnessing a rather stable market for several years with HT dominating over their competitors with a market share of roughly 46%.
Market Share of Croatian Telecom Operators (%)
Source: HAKOM, InterCapital Research
