Telekom Austria profit doubles on lower revenues

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­The Telekom Austria Group has reported a slight decrease in revenues for 2010 but has reported doubling of its net profits. The company’s revenues for 2010 dropped by 3.1% to US$6.34 billion while profits increased by 106% to US$266 million. Net debt also fell by 9% to US$4.5 billion. Austria (-4%), Bulgaria (-8%) and Croatia (-5%) showed a slight decline …

EditorTelekom Austria profit doubles on lower revenues

Telenor Serbia introduces mobile payment service

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­Serbian mobile network operator, Telenor has introduced a new mobile payment service called PlatiMo. The service will allow customers to pay their bills and perform other financial services via their mobile phones directly from their bank accounts. It is based on G&D’s SIM cards and SmartTrust Over-the-Air (OTA) server software along with Halcom’s mobile payment system. The Telenor mobile payments …

EditorTelenor Serbia introduces mobile payment service

T-Mobile Montenegro launches postpaid package for business users

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T-Mobile Montenegro has introduced the new postpaid package ‘Smart Team Plus’ for business customers, including a unique price for calls to all national networks. There are four Smart Team Plus packages – 5, 15, 25 and 50 as well as more packages for internet and SMS. The SMS Unlimited option, for US$4.07 per month, allows unlimited messaging to all networks …

EditorT-Mobile Montenegro launches postpaid package for business users

Serbian mobile penetration reached 130% at end of 2010

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Mobile SIM penetration in Serbia reached 130% at the end of 2010. Serbians use the mobile phone mainly for conversation and sending SMS. Some 21.8% of internet users and social network users access online services via mobile phones. Though the market continues to be dominated by prepaid subscribers (66% of the total), but in the last three years, there has been a …

EditorSerbian mobile penetration reached 130% at end of 2010

OTE set to sell Telekom shares (Greece)

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Greek telecoms company OTE has reportedly told the Serbian government that it is ready to sell its 20% stake in Telekom Srbija. The sale is expected to take place during the upcoming international tender of the Serbian state-owned telecoms company. According to reports, OTE has sent a letter to the Serbian government, confirming that it is ready to sell its …

EditorOTE set to sell Telekom shares (Greece)

MTS in merger talks with unnamed companies (Russia)

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Russia’s MTS has confirmed that the company is in talks with other telecoms networks for a possible merger, without naming any of the potential partners. Vladimir Yevtushenkov, the CEO of MTS’s controlling shareholder, Sistema confirmed the talks. MTS chief executive Mikhail Shamolin had previously suggested that the company would be interested in buying out South Korea based Korea Telecom’s 80% …

EditorMTS in merger talks with unnamed companies (Russia)

OTE to sell Its 20% stake in Telekom Srbja

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Serbian press reported that Hellenic Telecommunications decided to sell its 20% stake in Telekom Srbja, according to Proton Bank. In its morning report, Proton says that Serbian government stated that it could sell a 31% stake in the operator instead of 51%, if OTE was to sell its stake. The starting price was set at EUR1.4bn for the 51% stake, …

EditorOTE to sell Its 20% stake in Telekom Srbja

France Telecom won’t bid for Telekom Srbija stake

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France Telecom SA spokesperson has revealed that the company has decided not to take part in the privatization of Serbian telecom operator, Telekom Srbija, as it considered the asset too expensive. According to the company’s spokesperson, they have studied the tender offer but decided not to take part in the bidding process notably because they considered the asking price too …

EditorFrance Telecom won’t bid for Telekom Srbija stake

Serbia extends Telekom Serbia deadline to March

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The Serbian Ministry of Finance working group for the privatization of 51% of shares in national telecommunications provider Telekom Serbia has extended the deadline for submitting binding bids until March 31. According to the Ministry, the deadline was pushed so that France Telecom and Deutsche Telekom, as well as all other interested companies, will have enough time to study the …

EditorSerbia extends Telekom Serbia deadline to March

OTE eyes Serbian unit sale

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Greek telecom incumbent Hellenic Telecoms Organization SA’s Chief Executive Michael Tsamas, said that the company is leaning towards a sale of its Serbian unit minority stake but needs more time to consider its strategy in Romania. According to Tsamas, Hellenic Telecoms (OTE) is prepared to sell its 20% stake in Serbia’s Telekom Srbija, but only if the price is right. …

EditorOTE eyes Serbian unit sale