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CROATIAN TELECOM AND THE AGROKOR GROUP SIGN A BUSINESS COOPERATION AGREEMENT

By the Agreement signed, Croatian Telecom and the Agrokor Group have defined their business cooperation for the following three years with the possibility of being prolonged. This Agreement shall provide Agrokor with new possibilities of developing its telecommunication infrastructure as well as with specially dimensioned communication solutions to cover the specific needs of the Group. By the Agreement signed, Croatian Telecom and the Agrokor Group have defined their business cooperation for the following three years with the possibility of being prolonged. This Agreement shall provide Agrokor with new possibilities of developing its telecommunication infrastructure as well as with specially dimensioned communication solutions to cover the specific needs of the Group.Ivica Mudrinić, President of the Board of Croatian Telecom and Ivica Todorić, President of the Board of Agrokor, signed a long-term partnership Agreement comprising the optimization and modernization project for the complete telecommunication infrastructure of all Agrokor Group companies - from redesigning the telecom network up to implementing top-line telecom solutions in both the immobile and the mobile telephone network, data services and the Internet (HTtel, HTisdn, HTcronet, HTdata and HThinet). The expected value of this Agreement between Croatian Telecom and the Agrokor Group defining the business cooperation in providing telecom services in the next three years is estimated at Kn 50m. By implementing the project defined by this Agreement, Agrokor will receive state-of-the-art telecom support enabling it to develop new platforms and further improve its operations and its business results. As Mr. Mudrinić said on the occasion of signing the Agreement, "HT herewith becomes a proper full-spectrum telecom services provider for Agrokor, from optimizing the fixed and mobile network up to providing state-of-the-art services by the implementation whereof Agrokor shall significantly improve its operations and competitiveness; By the advanced provision of our service package, where HT not only offers its infrastructure, but its knowledge as well, we have demonstrated a new market flexibility, being the first to introduce this contemporary marketing model to Croatia". Mr. Todorić pointed out that "Agrokor as the leading Croatian food and retail group, with ambitious plans for regional expansion, wants to keep abreast of its global competitors in all business segments, including the usage of telecom services. Thanks to the agreed cooperation with HT we shall have available state-of-the-art telecom solutions, specifically adjusted to the needs of Agrokor companies, enabling us to further strengthen our competitiveness and keep the leading market positions".