This report profiles Serbia’s telecom sector and market trends through 2013. It also provides company information for leading market players including Telecom Srbija, Telenor, and Vip Mobile.
Revenues from telecommunication services in Serbia increased to RSD 174bn in 2012 from RSD 163bn in 2011. However, in euro terms, revenues went down by about 4% to EUR 1.54bn in 2012. The revenues were equal to 5.5% of Serbia’s GDP.
Revenues in the fixed-line market dropped in both local currency and euro terms in 2012. Two companies were registered in 2012 as new public fixed-telephone service providers. One of them, the leading cable TV provider SBB, began offering services in October 2012. However, fixed number portability was delayed until April 2014, and fixed telephony declined by 12.8% y/y in H1 2013.
Mobile market revenues were virtually flat in euro terms in 2012. Notably, SBB received regulatory approval in September 2013 to become Serbia’s first mobile virtual network operator (MVNO). Mobile telephony rose by 25.5% y/y in H1 2013. Both the Internet and media content distribution markets posted solid revenue growth in 2012.
• This report provides details on the market position and financial information of the leading firms Telekom Srbija, Norway’s Telenor, and Vip mobile (a wholly-owned subsidiary of Austria’s Mobilkom).
• Over the past year, there were two private equity deals involving Serbian telecom sector companies, namely SBB and major ISP BeotelNet.
• Other M&A activity included the acquisition of local Internet provider ECPWireless.net by Serbian company Orion Telekom, which is also the country’s second fixed telephony operator. In addition, Belgium's KBC Group sold its bank in Serbia, KBC Banka, to Societe Generale Srbija and Telenor Serbia.
Table of Contents
1. Market Overview
1.0.1 Serbian telecom sector 2012 revenue growth at positive 7% in local currency terms, negative 4% in euro terms
1.0.2 Information and communication sector rises by real 9.6% y/y in Q2 2013.
1.1.1 Fixed telephone services revenues drop in 2012
1.1.2 Two new players registered to provide fixed telephone services in 2012
1.1.3 Fixed telephony drops 12.8% y/y in H1 2013
1.2.1 Mobile market revenues edge up in EUR terms in 2012
1.2.2 Three mobile operators were active in Serbia in 2012
1.2.3 Mobile telephony rises 25.5% y/y in H1 2013
1.2.4 Cable TV provider SBB receives approval to become Serbia's first MVNO
1.3.1 Revenues from Internet service provision continue to rise in 2012
1.4 Media Content Distribution
1.4.1 Revenues in media content distribution keep growing in 2012
1.6 Usage of ICTs
1.6.1 ICTs usage in Serbia’s households rises in 2013
1.6.2 100% of Serbian companies use computer in 2013
2. Leading Market Players
2.1 Telekom Srbija
2.1.1 Company overview
2.1.2 Telekom Srbija's H1 2013 net profit jumps to EUR 69mn
2.2.1 Company overview
2.2.2 Telenor Serbia Jan-Sep EBITDA up 8.3% to EUR 108mn
2.3 Vip mobile
2.3.1 Company overview
2.3.2 Vip mobile cuts Jan-Sep 2013 operating loss to EUR 5mn
3. Market News
3.1 Privatisation of Telekom Srbija via Serbia's stock exchange possible at end-2014
3.2 Former Serbian president Boris Tadic becomes advisor at Telenor
3.3 Serbia to launch digital dividend sale at end-2014
3.4 Mid Europa sells SBB/Telemach group to Kohlberg Kravis Roberts for over EUR 1bn - report
3.5 Serbia, Kosovo agree on key telecommunications, energy issues
3.6 Serbia should secure buyer before renewing Telekom Srbija sale, CEO says
3.7 Mobile banking in Serbia grows 45% in last four years - industry official
3.8 Chinese Huawei, Zeleznice Srbije sign EUR 200mn deal for telecoms system upgrade
3.9 7L Capital Partners acquires Serbian ISP BeotelNet
3.10 Telenor Serbia, IBM sign EUR 4mn partnership deal
3.11 Serbia to introduce fixed number portability starting April 2014
3.12 KBC says agrees to sell Serbian bank to Telenor, Societe Generale
3.13 Telekom Srbija to invest EUR 200mn in 2013
3.14 Serbia’s Orion Telekom acquires local internet provider ECPWireless.net
3.15 Russia's AFK Sistema interested in Telekom Srbija
3.16 Vip Mobile Serbia signs five-year managed services deal with Ericsson
3.17 Telenor Serbia to boost investments in mobile/fixed telephony networks in 2013
Release Date: Mon, 02 Dec 2013