Telekom Srbija Expects 55% Fall In 2012 Profit


News: Serbian telecoms operator Telekom Srbija expects to register a 55% y-o-y fall in profit to RSD10bn (US$117.27mn) in 2012, according to Telekom Srbija's General Manager Predrag Culibrk. This drop is due to a weak dinar in H112 that led to a rise in the cost of Telekom Srbija's foreign loans. Meanwhile, the operator is planning to double its investments in 2013 to keep pace with its competitors.

This article is tagged to:
Sector: Telecommunications
Geography: Serbia, Serbia, Serbia, Serbia