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Serbia’s state tel-co buys cable TV, internet provider Kopernikus

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BELGRADE, Nov 6 (Reuters) – Serbia’s state-run Telekom Srbija has bought Belgrade-based satellite TV, communication and web supplier Kopernikus for around 200 million euros, the Vecernje Novosti daily paper covered Tuesday, referring to sources.

Kopernikus works in 60 regions crosswise over Serbia and has around 200,000 clients. The cost was set at underneath 1,000 euros for each client, the report said.

As indicated by 2016 information, Telekom Srbija is the biggest broadband web supplier in the Balkan nation with a piece of the overall industry of around 46 percent and the second biggest satellite TV supplier with a piece of the overall industry of around 25 percent.

The solidified net benefit of the Serbian administrator in 2017 remained at 14.7 billion dinars (124.48 million euros), down from 14.95 billion dinars the prior year. The organization’s interests in 2017 fell by 6.2 percent to 26.7 billion dinars.

Serbia attempted to offer a dominant part stake in Telekom Srbija in 2015 as it looked to offload some state resources, yet dismissed every one of the six offers as too low.

Telekom Srbija authorities were not reachable for the quick remark.