Telekom Srbija, one of the largest telecom operators in the Western Balkans, moved to sell most of its macro tower sites in late 2022 but the Serbian public was kept in the dark until now, raising fresh questions about transparency in the way the majority state-owned company operates.
Serbia has tried at least twice to sell Telekom Srbija since 2010 but offers fell short of its expectations. Since 2018, the company has embarked on a major expansion and now holds 53.2 per cent of the cable market and 43.1 per cent of the mobile market; but debts have also grown to 2.7 billion euros at end-2022, while critics of the ruling Progressive Party have accused it of levering Telekom’s clout for political purposes.
