HAKOM has concluded that the market concentration would have a negative impact on the market, as HT already has 71% if the fixed market share in Croatia.
Croatian Regulatory Authority for Network Industries (HAKOM) has denied the permission for HT to purchase evotv. HAKOM has concluded that the market concentration would have a negative impact on the market. Due to that, a temporary decision has been made not allowing the purchase to go further. HT Group has the majority of the fixed market share in Croatia amounting to 71% and has because of that been subject to criticism by the European Commission.
Note that in November 2018, HT signed the purchase agreement with the company HP- Hrvatska Pošta , acquiring 100% stake in the company HP Produkcija, provider of evotv. Revenues generated for the year 2017 amounted to HRK 57 million, representing a market share of 6%.
HT has expressed a positive outlook on the situation, stating that the process of acquiring evotv has not been stopped and that they believe that HAKOM will eventually allow for the purchase to finalized.