Telenor lines up EUR100m spend for 2019

8 Jan 2019

Telenor Serbia is planning to invest more than EUR100 million (USD114.5 million) in 2019, with the funds to cover infrastructure improvements as well as taxes, salaries and other expenses, eKapija writes, citing CEO Mike Michel. According to the official, the company’s spending will be focused on satisfying user demand, and around half of the amount earmarked for infrastructure works will go towards increasing capacity and innovation in digital services. Referring to the company’s performance in regulatory assessments of network quality and customers satisfaction, Mr Michel stated: ‘We are satisfied with the result but it is important for us to continue providing the best possible service to our users, without making any compromises when it comes to the quality. We offer not just megabytes but a large number of services and rich web content as well’. Regarding future developments, the official said it was ready for 5G – claiming to have tested the technology back in 2016 – but ‘the commercial and the regulator aspects need to be improved before it is implemented.’

As noted by TeleGeography’s GlobalComms Database, Telenor Serbia is no longer part of the Norwegian group of the same name, having been sold to Czech-owned PPF Group in 2018 as part of Telenor’s Central and Eastern Europe (CCE) division – alongside units in Bulgaria, Hungary and Montenegro – for EUR2.8 billion.

Serbia, Telenor Serbia