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Yettel operators

Yettel Serbia

Yettel Serbia offers mobile services and a minor share of fixed voice and non-voice services to both consumer and business customer segments, on prepaid as well as contract basis.

Yettel Serbia’s network has the widest coverage in Serbia, with the best network performance in the country and the best perception as measured by NPS.

PPF Group’s share in Yettel d.o.o. is 100%.

In 2018, PPF Group agreed to purchase Yettel’s assets in Central and Eastern Europe. After obtaining the necessary regulatory approval, the transaction was settled at the end of July 2018. Following the closing of said transaction, PPF Group became the sole owner of Yettel’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Yettel has been active in Central and Eastern Europe for 25 years.  Yettel extended its reach to  Serbia in 2006 by acquiring company Mobi63.

Country Manager: Mike Michel

Country facts

population (Dec 2017) 7.0 million
ownership by PPF

since 2018

Operational results

Yettel Serbia 2021
employees 1,389
mobile subscribers (thousands) 2,959
mobile ARPU 9.6 €/m

Financial results (Serbia+Montenegro combined)

in EUR millions 2021 2020 2019
Total assets 564 707 1,088
Revenue 472 436 384
EBITDA 144 160 180
CAPEX 24 29 46

Country facts

Operational results

Financial results (Serbia+Montenegro combined)

Contacts

Yettel Serbia

Omladinskih brigada 90
11070 Beograd
Serbia