The agreement covers the modernization and expansion of the network till the end of 2023 based on the latest technological solutions from Ericsson Radio System (ERS) portfolio.

Ericsson NT published a document on the Zagreb Stock Exchange stating that they have signed an exclusive agreement on further development of radio access network of A1 Hrvatska.

The agreement covers the modernization and expansion of the network till the end of 2023 based on the latest technological solutions from Ericsson Radio System (ERS) portfolio. The company states that this collaboration will enable the users of A1 Hrvatska in all parts of Croatia to have an excellent user experience of services which are getting increasingly data demanding. Based on ERS portfolio, this Croatian operator will have at its disposal a flexible 5G-ready solution. In 2018 and 2019, A1 Hrvatska presented 5G functionalities in live network by using Ericsson 5G technology in radio and core.

As a reminder, in H1 2019 sales in the domestic market decreased 7.3% YoY, amounting to HRK 177m. The mentioned decrease could be attributed to the project execution dynamics. In H1 2019 the Group continued to work closely with Croatia’s two largest telecoms, HT and A1, to modernize their radio access networks. The goal of the modernization is to prepare the infrastructure of those companies for the implementation of the 5G network in the upcoming years. Among other projects, Industry & Society projects have a significant positive impact on the business result in the domestic market as well. Numerous activities are ongoing on projects of informatization of healthcare system, Joint Information System of Land Registry and Cadaster and state border control.

The buyback program relates to the repurchase of a maximum number of 15m shares, at a maximum price of RON 4 per share.

Banca Transilvania published a document on the Bucharest Stock Exchange stating that the board of directors has approved a share buyback program starting yesterday.

The mentioned buyback program relates to the repurchase of a maximum number of 15m shares (out of the 35m shares approved to be redeemed by the EGMS), at a minimum price equal to the market price from BVB from the moment of the purchase and a maximum price of RON 4 per share.

Note that the buyback program will be carried out between 19 September 2019 and 31 December 2019.