Telekom Srbija

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Telekom Srbija
Native name
Телеком Србија/Telekom Srbija
Joint-stock company
Founded23 May 1997; 21 years ago (1997-05-23)
Takovska 2, Belgrade
Area served
Bosnia and Herzegovina
Key people
Predrag Ćulibrk (CEO)
ProductsFixed telephony
Mobile telephony
Broadband Internet
IT Services
RevenueIncrease 1.013 billion (2017)[1]
Increase €124.39 million (2017)[1]
Total assetsIncrease €2.191 billion (2017)[2]
Total equityIncrease €1.405 billion (2017)[2]
OwnerSee Share capital structure
Number of employees
12,032 (2017)
SubsidiariesTelus a.d.
Mtel d.o.o. Montenegro
Telekom Srpske a.d. Republika Srpska
TS:Net B.V. Netherlands
HD-WIN d.o.o.
Mts banka a.d.
Mts d.o.o. Kosovo
GO4YU d.o.o.
Mts AntenaTV d.o.o.
Footnotes / references
Business ID: 17162543
Tax ID: 100002887

Telekom Srbija (full legal name: Preduzeće za telekomunikacije Telekom Srbija a.d. Beograd) is a Serbian telecommunications company headquartered in Belgrade. The company offers a range of fixed-line, mobile, and internet communication services in Serbia, Bosnia and Herzegovina, Montenegro and Austria.


Telekom Srbija's previous logo used from 1997 to 2015.

Telekom Srbija was established in 1997 by restructuring of PTT sistema Srbije public enterprise, as a single-member joint-stock company. The company sold 49% of its share capital the same year for 1.568 billion Deutsche marks. The ownership structure at the time consisted of PTT Traffic Serbia (51%), Telecom Italia (29%) and OTE (20%).


In 2003, PTT held an 80% share after repurchasing Telecom Italia's stake in the company. By 2007, Telekom Srbija expanded operations into Bosnia and Herzegovina and Montenegro.[4]

In 2012, Greek telecommunications provider OTE sold its 20% stake back to Telekom Srbija for 380 million euros.[5] On 3 May 2012, the Government of Serbia transferred ownership of 6.94% of capital shares to current and former employees of Telekom Srbija, and 14.95% of shares to citizens of Serbia.[6]


On 6 January 2015, Telekom Srbija acquired a 55.8 percent of shares in the Dunav banka, becoming its majority owner.[7] Afterwards, the bank changed its name to "mts banka".

As of 2016, it is the largest broadband internet provider (45.9% market share) and the second largest cable television provider (25.0% market share) in Serbia.[8]

In November 2018, Telekom Srbija bought domestic cable operator "Kopernikus Technology" for 190 million euros.[9][10] The transaction made public outrage in Serbia as Kopenikus' market worth at the time of purchase was several times lower than the amount it was purchased for; it was also revealed that major stakeholder in company was a close relative to ruling Serbian Progressive Party officer.[11] Month later, Kopernikus' former owner used much of that money for the purchase of B92 and Prva Srpska Televizija, two television networks with national coverage.[12]

On 6 January 2019, Telekom Srbija acquired domestic cable operators Radijus Vektor and "AVcom", in a transaction worth 120 million euros.[13][14]


Mobile telephony[edit]

Mobile Telephony of Serbia (mts) is mobile telephone subdivision of Telekom Srbija, which was found in June 1997. The company has wide range of offers to business and private clients, while the latest is 3G technology, introduced in late 2006.

Fixed-line telephony[edit]

Telekom Srbija formerly held a monopoly on all land-line services in Serbia until 2010, when Telenor Serbia became the second land-line operator in the country.[15]


  • - News portal (political, business, sports, entertainment and interviews from Serbia and around the world).


TV channel Arena Sport logo

Telekom Srbija is the majority owner of cable TV channel Arena Sport 1, 2, 3 and 4.[16] Arena Sport is a sports TV channel and it broadcast its contents to 4 channels via satellite or cable networks. It serves the following countries: Bosnia and Herzegovina, Croatia, Montenegro, Republic of Macedonia and Serbia.

Areas served[edit]

Bosnia and Herzegovina[edit]

Telekom Srbija acquired a 65% controlling stake in Telekom Srpske for 646 million euros in 2006. outbidding Telekom Austria with an offer of 467 million euros. Telekom Srbija also broadcast cable channel Arena Sport 1,2,3 and 4.


Telekom Srbija started its operations on July 16, 2007, after the company gained license as a third mobile operator as a part of the consortium with Ogalar B.V. company. The consortium offered for the license the sum of €16 million. The name for this subsidiary is m:tel, and is owned 51% by Telekom Srbija.
Telekom Srbija also broadcasts cable channel Arena Sport 1, 2, 3 and 4.

Share capital structure[edit]

As of 3 May 2012:[17]

  • Government of Serbia (58.11%)
  • Telekom Srbija a.d. (20%)
  • Citizens of Serbia (14.95%)
  • Current and former employees of Telekom Srbija a.d. (6.94%)


See also[edit]


  1. ^ Kosovo is the subject of a territorial dispute between the Republic of Kosovo and the Republic of Serbia. The Republic of Kosovo unilaterally declared independence on 17 February 2008, but Serbia continues to claim it as part of its own sovereign territory. The two governments began to normalise relations in 2013, as part of the Brussels Agreement. Kosovo is recognized as an independent state by 104 out of 193 United Nations member states.


  1. ^ a b "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2017) - Telekom Srbija a.d." (in Serbian). Retrieved 15 September 2018.
  2. ^ a b "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2017) - Telekom Srbija a.d." (in Serbian). Retrieved 15 September 2018.
  3. ^ "Основни подаци о привредном друштву". (in Serbian). Serbian Business Registers Agency. Retrieved 28 February 2018.
  4. ^ "About us - History". Telekom Srbija. Retrieved 17 April 2013.
  5. ^ Telekom Serbia in state's ownership
  6. ^ RTS: Free shares of Telekom
  7. ^ "Telekom Srbija becomes Dunav Banka majority shareholder". (6 January 2015). Retrieved 20 March 2015.
  8. ^ "Pregled tržišta telekomunikacija i poštanskih usluga u Republici Srbiji u 2016. godini" (PDF). (in Serbian). Belgrade: RATEL. 2017. Retrieved 21 September 2018.
  9. ^ Obradović, M. (6 November 2018). "Telekom: Kopernikus smo platili manje od 200 miliona evra". (in Serbian). Retrieved 17 November 2018.
  10. ^ "Serbia's state telco buys cable TV, internet provider Kopernikus -newspaper". Reuters. 6 November 2018. Retrieved 17 November 2018.
  11. ^ Obradović, M. (13 November 2018). "Milićević: Kopernikus vredi 37,5 miliona evra". (in Serbian). Retrieved 17 November 2018.
  12. ^ "Novi vlasnik Prve televizije i O2 TV". (in Serbian). 4 December 2018. Retrieved 6 December 2018.
  13. ^ Obradović, M. (9 January 2019). "Telekom grabi ka duopolu sa SBB-om". (in Serbian). Retrieved 13 January 2019.
  14. ^ "Telekom: Platili smo Radijus i AVkom 120 miliona evra, a pregovaramo sa JOŠ PET FIRMI". (in Serbian). 15 January 2019. Retrieved 17 January 2019.
  15. ^ "Telenor gets Serbia's fixed phone license". WirelessWeek. 22 January 2010. Retrieved 2 April 2014.
  16. ^ "Telekom: Za Arena Sport 7,7 mil.€" (in Serbian). B92. 26 August 2011.
  17. ^ "Share capital structure". Telekom Srbija. Retrieved 17 April 2013.

External links[edit]