Serbian Telecom Sector Report - 2015

USD $149.00
Serbian Telecom Sector Report - 2015

This report covers Serbia’s telecom sector. It discusses statistical data, financial information and major news released in the period October 1, 2014 – November 25, 2015. Market-level data usually refer to 2014. In addition, figures on fixed and mobile traffic are presented for H1 2015, as well as the 2015 survey on the usage of ICTs.

Revenues from telecommunication services in Serbia amounted to €1.5bn in 2014, staying approximately unchanged from 2013. The revenues were equal to 4.5% of the country’s GDP.

Last year, local currency revenue growth in the fixed-line market was slightly positive prior to including revenues from international traffic, but marginally negative after including them. In euro terms, revenues decreased. Fixed telephony dropped 10.9% y/y in H1 2015.

In the mobile market, 2014 revenues were approximately flat in local currency terms, but lower in euro terms. Mobile telephony shrank 4.9% y/y in H1 2015.

Revenues in the Internet market were higher in RSD terms last year, but edged down in euro terms. In 2014, the media content distribution market recorded another year of solid revenue performance.


Key Points:
• The report presents information on the fixed-line, mobile, Internet, media content distribution and broadcasting markets in Serbia
• The section on leading market players provides updated financial and other data on Telekom Srbija, Telenor Serbia and Vip mobile
• In November 2015, Serbia received six binding bids for the government's 58.11% stake in Telekom Srbija


Telecommunication companies mentioned in the report include Telekom Srbija, Telenor Serbia, Vip mobile, Serbia Broadband – Srpske kablovske mreze (SBB), Targo Telekom, EUnet, etc.


Table of Contents

EXECUTIVE SUMMARY 2
MARKET OVERVIEW 5
Serbian telecom sector 2014 revenues roughly flat from 2013 5
Information and communication sector declines y/y in Q1, Q2 2015 5
Fixed-line 6
Fixed telephone services revenues flat in local currency, slightly down in euros in 2014 6
Fixed telephony drops 10.9% y/y in H1 2015 7
Mobile 8
Mobile market revenues down 3.5% in 2014 in euro terms, flat in RSD terms 8
Three mobile operators were active in Serbia in 2014 8
Mobile telephony drops 4.9% y/y in H1 2015 8
Internet 9
Revenues from Internet service provision edge down in 2014 in euro terms, rise in RSD terms 9
Media Content Distribution 10
Revenues in media content distribution keep growing in 2014 10
Broadcasting 10
Usage of ICTs 11
ICTs usage in Serbia’s households rises in 2015 11
100% of Serbian companies use computer in 2015 11
LEADING MARKET PLAYERS 12
Telekom Srbija 12
Company overview 12
Telenor 13
Company overview 13
Telenor units in Serbia, Montenegro combined operating profit down 3% y/y in January-September 13
Vip mobile 15
Company overview 15
Vip mobile EBITDA drops 33.7% y/y in January-September 2015 15
MARKET NEWS 16
Misinformation a threat to Telekom Srbija privatisation - PM 16
Serbian telcos acquire additional frequency in the 791-821/832-862 MHz range 17
Minister confirms six binding bids for Telekom Srbija 17
Telenor in Serbia remains focused on 3G network for now 18
Agreements with Kosovo increase the price of Telekom Srbija, Serbian minister says 19
Telekom Srbija starts providing 4G services 20
Slovenia's PV Nalozbe buys majority stake in Serbia's Targo Telekom 20
Serbia Broadband gets green light to acquire internet provider EUnet 20
Telekom Srbija acquires majority stake in Dunav Banka 21
Telekom Austria’s Serbian unit to invest €27mn in 2015 22
Serbian daily Alo launches MVNO using network of Vip mobile 22

Table 1 Revenues from fixed telephone services. 6
Table 2 Fixed-line number of main lines, penetration 6
Table 3 Revenues from mobile networks 8
Table 4 Market shares of Serbia’s mobile operators in 2014 (%) 8
Table 5 Internet service revenues 9
Table 6 Internet users of different access technologies 9
Table 7 Media content distribution revenues 10
Table 8 Commercial service broadcasting permits in Serbia in 2014 10
Table 9 Telenor Serbia and Montenegro financials 14
Table 10 Vip mobile financials 15

Figure 1 Information and communication, real growth, % y/y 5

Number of pages: 22
Release Date: Fri, 27 Nov 2015