Telekom Srbija was the leading telco in the countries of the former Yugoslavia for the second year in a row in 2021.
Quoting a study by the Croatian publication Media Daily that looks at the 20 largest telcos in the region, b92 reports that the Serbian incumbent came top in terms of business income, income growth and realised profit. It saw the biggest jump in revenue, mostly due to the merger with Supernova. It amounted to €960 million in 2021, or around €140 million more than in the previous year.
Croatia’s Hrvatski Telekom (HT), the region’s leading telco until 20020, also saw its revenues increase last year, by €29 million to €809 million.
The study shows that four telcos – Telekom Slovenije and United Group’s Telemach Croatia, Telemach Bosnia & Herzegovina and Optima Telekom – saw their revenues fall in 2021.
The total income of the top 20 telcos increased by €330 million in 2021 to €5.779 billion, while total profit increased from €476 million to €589 million.
This meant that the average net profit was around 10% of annual revenues, up from a previous 8-9%.