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Telekom Srbija's Montenegrin unit says H1 revenue up 0.4% y/y

August 21, 2014

Montenegro's smallest mobile operator – m:tel, controlled by Telekom Srbija, said its revenue rose by 0.4% y/y in the first six months of 2014 thanks to a 2.3% y/y jump in the second-quarter revenue.

The company provided no figures for the revenue in a statement on its website on Aug 20. It also said its user base rose by 3.3% in the first half of the year and its market share increased by 1.3pps - but again gave no precise figures. m:tel was particularly successful in the post-paid segment where it saw the number of customers climbing by 14.6%.

The company also said it has invested EUR 115mn since entering Montenegro in 2007 in infrastructure and development projects. It plans to complete the modernisation of its mobile network and thus enable faster internet in all parts of Montenegro. It also intends to build optical infrastructure to revamp the fixed-line network.

m:tel competes with Telenor Montenegro - the leading operator in the country, and with T-Mobile, which is part of the local arm of Deutsche Telekom - Crnogorski Telekom.

The Montenegrin telecommunications agency said earlier this month that the mobile phone penetration in the country declined to 159.8% at end-June 2014 from 162.16% a year earlier. The rate was higher than its end-May level of 155.9%. 

According to the agency's data, the market share of Telenor Montenegro fell to 38.13% at end-June from 38.24% a year earlier. The market share of T-Mobile also fell - to 34.25% from 35.4%. By contrast, the share of m:tel rose to 27.62% from 26.36% at end-June 2013.

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Source: IntelliNews - Weekly Reports

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