Source: eKapija | Sunday, 27.01.2019.| 13:49
Highlight an article Print out the news

Telenor to invest over EUR 100 million in Serbia’s economy in 2019

(Photo: Maryna Pleshkun/
Telenor Serbia plans to invest over EUR 100 million in Serbia’s economy in 2019 through direct investments in the telecommunications structure, the upgrade of mobile internet, the development of digital technologies, taxes and salaries, as well as other expenditures, announced the new CEO of Telenor Serbia, Mike Michel.

– User demand will be the driving engine and provide the guidelines for Telenor’s investments. No doubt, over 50% of infrastructural investments will be put in the development of the network’s capacities, the internet and the service usage, as well as in innovations – says Michel.

The past year was good for Telenor Serbia’s operations. In the last three quarters of 2018, the company grew faster than the competition, and the number of users increased by 3% in that period compared to the same period in 2017, the company announced.

Telenor Serbia currently has over 900 employees, and the number is expected to increase, as Serbia’s economy and its retail market are expected to grow.

Let us remind that, in mid-2018, PPF became the owner of 100% of Telenor’s operations in Central and Eastern Europe for EUR 2.8 billion.

PPF manages a capital of EUR 38 billion in 22 countries on 3 continents.

Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE