Telekom Srbija is to target the Serbian diaspora through a wholly owned subsidiary named Mtel Austria.
According to Danas, the company began operating as an MVNO on October 1 and leases capacity on the A1 Network.
Although it currently offers mobile telephony, there are plans to also provide IPTV, fixed line and other telco services in the future.
While Mtel Austria, as its name suggests, only operates in Austria, Telekom Srbija aims to extend its activities next year to Switzerland and Germany, which also have a large number of residents originally from Serbia and surrounding countries.
Separately, Telekom Srbija has announced that had its privatisation gone ahead, Lazard Freres SAS, the French company acting as an advisor, would have received 0.319% rather than 3% of the telco’s value, as had been previously reported.
This would have been on top of its agreed consultation fee of €638,000.
