Serbia
Telenor Serbia
Telenor 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.
Telenor Serbia’s network has the widest coverage in Serbia, with the best network performance in the country, the best perception as measured by NPS and an asset base consisting of 2,126 mobile base sites.
PPF Group’s share in Telenor d.o.o. is 100%.
In 2018, PPF Group agreed to purchase Telenor’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 Telenor’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Telenor has been active in Central and Eastern Europe for 25 years. Telenor extended its reach to Serbia in 2006 by acquiring company Mobi63.
Country facts
|
population (Dec 2017) |
7.0 million |
| ownership by PPF | since 2018 |
Operational results
| Telenor Serbia | 2020 |
| employees | 1,223 |
| mobile subscribers (thousands) | 2,882 |
| mobile ARPU | 9.1 €/m |
Telenor d.o.o.
Omladinskih brigada 90,
11070 Beograd
Serbia
www.telenor.rs
Country Manager
Mike Michel
Financial results
(Serbia+Montenegro combined)
|
in EUR millions |
2020 | 2019 | 2018 |
| Total assets | 707 | 1,088 | 1,038 |
| Revenue | 436 | 430 | 415 |
| EBITDA | 160 | 184 | 156 |
|
CAPEX |
29 | 46 | 37 |
* based on audited financial accounts for 2019 and 2020 and unaudited pro forma condensed consolidated financial information for 2018
CETIN Serbia
CETIN d.o.o.
Omladinskih brigada 90,
11070 Beograd
Serbia
www.telenor.rs
CETIN Serbia was established by separation of telecommunication infrastructure from Telenor Serbia. The company provides mobile network services for Telenor Serbia.
CEO
Vladimir Skulić
Financial results
(Serbia+Montenegro combined)
|
in EUR millions |
2020 | 2019 | 2018 |
| Total assets | 364 | - | - |
| Revenue | 48 | - | - |
| EBITDA | 38 | - | - |
|
CAPEX |
11 | - | - |
* based on audited financial accounts for 2020; 2020 figures contain only 2H2020 data
