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February 08, 2016 12:23 AM ET

Diversified Telecommunication Services

Company Overview of Metronet Telekomunikacije d.d.

Company Overview

Metronet telekomunikacije d.d. operates as a telecommunications company offering VoP/VoIP and Internet services. It also offers broadband services. The company was founded in 2005 and is based in Zagreb, Croatia.

Ulica grada Vukovara 269/d

Zagreb,  10000

Croatia

Founded in 2005

Phone:

385 0 80 08 228

Fax:

385 1 63 27 011

Key Executives for Metronet Telekomunikacije d.d.

President of Management Board and Chief Executive Officer
Chief Financial Officer and Member of Management Board
Chief Technical Officer and Member of Management Board
Chief Marketing & Sales Officer and Member of Management Board
Compensation as of Fiscal Year 2015.

Metronet Telekomunikacije d.d. Key Developments

Metronet Announces Earnings Results for the Third Quarter and First Nine Months of 2015

Metronet announced earnings results for the third quarter and first nine months of 2015. For the quarter, total revenues were HRK 56.2 million compared with HRK 62.3 million in the same quarter of 2014. Profit was HRK 2.3 million compared with HRK 12.9 million a year earlier. In the first nine months of 2015, revenues amounted to HRK 166.2 million against HRK 268.4 million last year. Profit was HRK 24.3 million against HRK 126.8 million a year ago.

Metronet Telekomunikacije Gets Shareholder's Approval To Seek An Advisor

Metronet Telekomunikacije d.d. announced its shareholders have given their consent for the company's management to start seeking an adviser for a possible sale of equity. In August, Metronet told SeeNews that it considers the timing is right to start testing the interest of potential strategic and financial investors towards the company. In case this interest and the offered price is not satisfactory for Metronet's shareholders then the company will have to seek development options without strategic investor, Metronet's press office said at the time. In August, Metronet told SeeNews that it considers the timing is right to start testing the interest of potential strategic and financial investors towards the company. In case this interest and the offered price is not satisfactory for Metronet's shareholders then the company will have to seek development options without strategic investor, Metronet's press office said at the time.

Metronet Telekomunikacije Reports Earnings Results for the First Half of 2015

Metronet Telekomunikacije reported earnings results for the first half of 2015. For the first half, the company reported 3% growth in revenues to HRK 96.4 million. EBITDA was HRK 44.4 million, in line with plans. Net profit reached HRK 16.7 million, down from HRK 113.9 million a year earlier.

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