Hakom - Croatian Post and Electronic Communications Agency

ZAGREB, July 9 2015 - Croatian Regulatory Authority for Network Industries (HAKOM) passed the decision on the evaluation procedure of the announcement of the intended acquisition of the company Amis to the company Vipnet.
 
On June 19, 2015, Vipnet submitted the notification of intended acquisition of Amis under the condition of acquiring 100% AMISCO NV business shares ,Belgium, holding in Amis the business share of 100% of that company’s share capital.
 
Since, in 2014, Amis didn’t gain total revenue exceeding the amount of HRK 100 million, it is not compulsory to declare the intended acquisition in accordance with the provisions of Regulations on Market Share Protection and it is under HAKOM’s competence.
 
According to its decision HAKOM has reviewed the consequences of the acquisition procedure on the regulated markets and it evaluated that the intended acquisition of Amis to Vipnet would not distort the market competition

ABOUT HAKOM: HAKOM (www.hakom.hr) - 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 competencies in market regulation.