Telekom Srbija wins Montenegrin licence

14 Mar 2007

A consortium made up of Telekom Srbija and Netherlands-based Ogalar has won a bid for Montenegro’s third mobile phone licence with a bid of EUR16 million (USD21.15 million). The Montenegrin Telecommunications Agency said that the new licensee has one month to establish a Montenegrin subsidary and pay for the 15-year licence. The new company also has promised to invest more than EUR90 million.

Montenegro, Telekom Srbija (MTS)