Business

Croatia's 2021 Electronic Communications Market Revenues Up 3.6%

By 11 March 2022
Croatia's 2021 Electronic Communications Market Revenues Up 3.6%
Image: Pixabay

ZAGREB, 11 March (2022) - The Croatian electronic communications market generated HRK 11.5 billion in revenues in 2021, up by 3.6% on 2020, while investment increased by 20.5% to exceed HRK 3 billion, according to data from the regulatory authority for network industries HAKOM.

Of the total revenue, HRK 615 million was generated by very high capacity fixed networks, which is an increase of 115.5% compared with 2020. The number of optical fibre connections increased by 33.7%.

Revenues from broadband internet services increased by 11%, from network and cable leasing services by 4.6% and from pay television by 4.2%.

The share of broadband users with speeds above 30Mbit/ increased from 42.1% in 2020 to 59% in 2021, while the share of those using speeds above 100Mbit/s rose from 16% to 28%.

In the last quarter of 2021, the number of pay television connections increased by 2% as nearly 59% of households used some form of pay television. 

In Q4 2021, revenues from television services increased by 4% to HRK 216.2 million compared with the same period in 2020.

On the other hand, revenues from mobile telephone services fell by 8.6% to HRK 975 million compared with the fourth quarter of 2020, even though the number of users rose by 0.6% to 4.4 million.

Revenues from fixed-line telephone services decreased by 4.7% to HRK 263.1 million and the number of users of these services dropped by 2.2% to 1.2 million.

In the last quarter of 2021, revenues from internet access increased by 7% to HRK 1.3 billion, of which HRK 842.1 million (+11.3%) was generated by mobile access services.

The number of mobile broadband internet connections rose by 2.4% to 5.7 million, while the number of fixed-line broadband internet connections went up by 1.7% to 1 million.

(€1 = HRK 7.5)

For more, check out our business section.

Search