Revenues and Investments in High-Capacity Networks Grow in the Electronic Communications Market
ZAGREB, 19 September 2024 - The Croatian Regulatory Authority for Network Industries (HAKOM) has released the latest market indicators for electronic communications for the second quarter of 2024. Total market revenues in the first half of this year reached €879.8 million, representing a 7.55% rise compared to the same period last year. During the same period, revenues from mobile network services grew by 8.42% while revenues from fixed network services increased by almost six per cent.
Investments in Infrastructure
During the first half of 2024, there was a significant increase in investments in physical assets, particularly in very high-capacity networks (VHCN). Total investments in this infrastructure exceeded €50 million, enabling the expansion of advanced fibre optic technologies and the enhancement of internet connection capacities and speeds.
Connections and Migration to Fibre Optic Networks
In the second quarter of 2024, the strong trend of users migrating from copper to fibre optic infrastructure continued. The number of internet connections using fibre optic technologies increased by 81,230, while the number of connections on copper infrastructure decreased by 50,482 compared to the same period last year. The share of VHCN connections now stands at 41.89%, while the share of connections with speeds exceeding 100 Mbit/s has risen to 43.66%.
Pay TV
In the pay TV market, both the number of connections and revenues increased compared to the second quarter of 2023. The largest growth was seen in connections via proprietary OTT services, with a growth rate of 81.03%, while revenues from these services rose by an impressive 113.44%. IPTV technology still dominates with a 53% share of connections, while other shares remained relatively stable: cable TV (14.49%), satellite TV (13.27%), terrestrial pay TV (10.01%), and proprietary OTT services (9.22%).
Roaming
In the second quarter of 2024, the duration of calls made by foreign nationals via national networks increased by almost 10% compared to the same period last year.
Market data is available on the HAKOM website via the following link.
For additional information please contact:
Croatian Regulatory Authority for Network Industries (HAKOM)
- Roberta Frangeša-Mihanovića 9 Street
- 10110 Zagreb, Croatia
- Tel. + 385 (0) 1 700 70 07
- Fax + 385 (0)1 700 70 70
Media inquiries can be submitted online using HAKOM’s official website: www.hakom.hr
About Hakom
HAKOM - Croatian Regulatory Authority for Network Industries – ensures preconditions for a fair market competition, stable growth and environment for innovations in the electronic communications and postal services market. HAKOM protects users’ interests and the possibility of choice among various communications and postal services at affordable prices, defines sustainable competitive conditions for operators and service providers under fair conditions for return on investment, and provides support to economic growth, public services and the quality of life in the Republic of Croatia by using modern technologies. HAKOM’ strategic goals are: to promote regulation of the electronic communications and postal services market, to support growth of investments and innovations in the electronic communications and postal services market, to provide efficient use of limited resources, to accelerate the growth of broadband products and services, to provide affordable offers of communications and postal services, to provide protection and informing of users, to build an efficient and comprehensive information system, to define and implement efficient processes, and to acquire multi-disciplinary expertise in market regulation.