Telekom Srbija profits fall 49.5%

19 Apr 2013

Serbian state-backed telco Telekom Srbija has booked net profits of RSD11.25 billion (USD130.93 million) in the twelve months to 31 December 2012, a decline of nearly 50% from RSD22.27 billion reported in 2011. Bloomberg writes that the company’s operating profit increased to RSD19.77 billion from RSD19.57 billion a year earlier, though this was offset by an increase in costs to RSD12.46 billion. CommsUpdate reported earlier this week that the government had reiterated its stance towards the company, saying that it was open to ‘credible’ offers but noting that Telekom Srbija had been put up for sale in the past without success.

Serbia,Telekom Srbija (MTS),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share