The Croatian electronic communications market had generated 11.5 billion kuna (€1.5 billion) in revenues in 2021, or 3.6 percent up from 2020, the state regulator Hakom said on Friday. Investment increased by 20.5 percent year-on-year to more than 3 billion kuna (€400 million).

The total revenue figure includes 615 million kuna (€81 million) earned from very high capacity fixed networks, which is 115.5 percent up from 2020. Revenues from broadband internet services increased by 11 percent, from network and cable leasing services by 4.6 percent and from pay TV by 4.2 percent.

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

In Q4 2021, the number of pay TV subscribers increased by 2 percent as nearly 59 percent of households used some form of pay TV. In the same period, revenues from television services increased to 216.2 million kuna (€28 million) or 4 percent up from the same period in 2020.

On the other hand, revenues from mobile telephone services fell by 8.6 percent to 975 million kuna (€129 million) in Q4 2021 compared with Q4 2020, even though the number of subscriptions rose by 0.6 percent to 4.4 million. Revenues from fixed-line telephone services decreased by 4.7 percent to 263.1 million kuna (€35 million) and the number of users of these services dropped by 2.2 percent to 1.2 million.

In Q4 2021, revenues from internet lines increased by 7 percent to 1.3 billion kuna (€172 million), including 842.1 million kuna (€111 million) generated by mobile access services, or 11.3 percent up. The number of subscribed mobile broadband internet connections rose by 2.4 percent to 5.7 million, while the number of fixed-line broadband internet connections went up by 1.7 percent to 1 million.

(€1 = 7.56 kuna)