Telenor Serbia to boost investments in mobile/fixed telephony networks in 2013.

By bne IntelliNews January 4, 2013
Telenor Serbia will increase investments in developing its mobile and fixed telephony network in 2013, the company's CEO Ove Fredheim told news agency Beta without providing a figure for the planned investment. The company, part of the Norway's Telenor, invested EUR 300mn in the Balkan country over the past six years, Fredheim said. At present, the Serbian operator has an excellent quality network ready to introduce 4G mobile technology but investments will go into increasing the data transfer capacities and continuing to extend the coverage, which will boost the potential for bigger revenue, Fredheim added. According to him, the fact that Telenor Serbia managed to return EUR 122.7mn to its parent group in the beginning of 2012 is a sign that Serbia is a good place for foreign investors. Norway's Telenor entered Serbia in July 2006 when it bought existing mobile operator Mobi 063 for EUR 1.5bn. According to Serbia's electronic telecommunications regulator, Ratel, Telenor became the leading mobile telephony operator in Serbia in terms of revenue in 2011 for a first time since entering the country. Telenor's competitors on the Serbian mobile telephony market include state-controlled Telekom Srbija and Vip Mobile, owned by Telekom Austria.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Follow Us On

Most Read

  1. Shocking trial of ex-minister has shifted domestic violence attitudes in Kazakhstan, says brother
    8 days ago
  2. RAGOZIN: Exhausting Russia, strategies and fantasies
    7 days ago
  3. Live fish fall from the sky in Central Iran - video
    5 days ago
  4. Turkey reportedly still loading Azerbaijani oil for Israel despite “total trade ban”
    5 days ago
  5. April 2024 sets global moisture record
    2 days ago
  1. Iran vs Israel: Who is better equipped for war?
    27 days ago
  2. Saudi Arabia to scale back plans for Neom city
    1 month ago
  3. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    23 days ago
  4. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    23 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    6 months ago

Reports

Dismiss