BELGRADE, Serbia, Jan. 14, 2022 /PRNewswire/ -- Telekom Srbija, the
TMT leader in Western Balkan region, is today announcing its
efforts to accelerate the digital transformation of the Serbian
economy and society, in keeping with the national digitalisation
priorities outlined in the Serbian Digital Agenda. In 2022 the
business will focus on rolling out the 5G network. It will also
continue its EUR 25m investment for
start-ups in multiple sectors, while furthering its cooperation
with Vodafone, covering Serbia, Montenegro and Bosnia and Herzegovina, to provide access to
all important resources in the sphere of digital
transformation.
A 5G spectrum auction is expected in mid-2022, to be followed by
the implementation of the 5G Network in Telekom Srbija by the end
of year. Recently, on 15 December
2021, the European Investment Bank (EIB) announced that it
will lend EUR 70 million to Telekom
Srbija for the rollout of the 5G telecommunications network and
extension of the existing 4G network across the Republic of Serbia,
recognising us as a key market leader in the region. The EIB loan
will enable 60% of Serbians residents to gain access to the latest
5G network and extend the benefits of the 4G network to nearly
everyone in the country.
Earlier last year, Telekom Srbija set up its first Corporate
Venture Capital Fund for start-up ideas, aiming to invest
EUR 25 million over the next five
years which means that Telekom Srbija will invest five million euros per year for start-ups in
Serbia and region. In 2022 Telekom Srbija through its CVC Fund will
continue to invest heavily in multiple fields of business such as
AI, Big Data, FinTech, e-commerce, IoT, media and telco, AdTech,
B2B/B2C, SaaS, blockchain etc.
The company's cooperation with Vodafone, covering Serbia,
Montenegro and Bosnia and Herzegovina, will make it possible
for the business to increase the efficiency of its operations,
optimise costs and improve customer experience in the coming year.
All of which are key strategic priorities for Telekom Srbija.
Vladimir Lučić, Chief Executive Officer of Telekom Srbija,
said: "We see digital opportunities as a big part of
a more sustainable future of the Serbian economy and society. This
will make it possible for us to increase the efficiency of our
operations, optimise costs and improve customer experience, which
are our key strategic priorities. Digitalisation can unlock
unlimited potential and hidden revenues for businesses and Public
Administration by freeing up resources for more crucial tasks. I am
confident that investing in digital technology and innovation can
bring tangible results and make positive steps towards a greener
and more resilient tomorrow for our customers, investors and
partners."
More about Telekom Srbija at:
https://mts.rs/About-Telekom/About-us