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Telecom
February 2020 www.intellinews.com I Page 16
physical bookrunner in connection with the offer.
ING Bank NV, London Branch and UniCredit Bank AG will act as joint holders of the joint physical bookrunner in connection with the Offer.
Digi anticipates that the settlement of the bonds will take place on February 5, 2020.
The proceeds obtained will be used for the early repayment of other bonds, due in 2023,
Osijek to become Croatia’s first 5G city
5G networks will be built in the eastern Croatian city of Osijek by December 31, 2020, announced Minister of the Sea, Transport and Infrastructure Oleg Butkovic, according to a government statement.
Osijek will become the first major city in Croatia to build a 5G network, and the investment is expected to have economic benefits for the eastern part of the country.
The city was selected by an expert working group composed of representatives of the Ministry
of the Sea, Transport and Infrastructure, the Croatian Network Regulatory Agency (HAKOM) and all three mobile communications operators
in the amount of €550mn, and for the payment of the amount of €22.3mn, representing the early repayment premium and the accumulated interest, but not paid, to the 2023 bondholders. Also, Digi will repay €88.9mn from a loan contracted by RCS & RDS in 2016 from BRD- Groupe Societe Generale, Citibank, London Branch, ING Bank and UniCredit Bank, as well as another €73.4mn representing a loan taken by RCS & RDS and DIGI Hungary.
in Croatia. Other interested cities were Bjelovar, Karlovac and Rijeka.
"Designating Osijek as Croatia's first 5G city ... will significantly contribute to the development of the eastern part of Croatia," Butkovic said, adding that all three domestic mobile operators were ready to jointly build and introduce 5G infrastructure and services in the city of Osijek.
The minister said he expected the rollout in Osijek would become a good model for the introduction of the technology throughout Croatia.
In 2018, Ericsson Nikola Tesla opened a new research and development centre in Osijek.