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Telekom Buys Croatian Mobile Phone Licence

October 20, 2004
German telecommunications giant Deutsche Telekom has bought one of two licences being put for sale in Croatia for the operation of third-generation mobile phone networks, a spokesman for the Croatian telecoms regulator was quoted as saying in a newspaper reported Wednesday. The German giant, via its Croatian unit T-Mobile Hrvatska, paid $21 million (€7 million) for the so-called UMTS (Universal Mobile Telecommunications System) licence, Financial Times Deutschland reported. The second licence, scheduled to run for 20 years, was bought by a unit of Telekom Austria, the other main mobile phone operator in Croatia alongside Deutsche Telekom. (AFP)
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