Telenor Serbia

Telenor Serbia (legal name: Telenor d.o.o.)<small>, subsidiary of Norwegian company Telenor, is the second largest Serbian mobile network operator.

According to its most recent annual financial report submitted to the Serbian Economic Register Agency, the company has 1,102 employees and it posted an annual profit of RSD 6,459,361,000 (approximately €80.7 million at the time) for the calendar year 2007.<small>

History

Originally launched in 1994 as Mobtel, the company's operation was a joint venture founded in 1994 between Moscow-based BK Trade and government-owned PTT .

The first NMT network was announced on December 31, 1994. The signal covered major urban areas and highway routes - 60% of Serbia's inhabited territory and 12% of Serbia's land area. This service is not commercial anymore. The MSISDN Network Code was 061 (international: +381 61); this code is now appointed to Vip Mobile. The GSM network has been in use since 1996.

In 2005 BK Trade sold its shares to a consortium of Austrian investors (through Holdenhurst Holding headed by Martin Schlaff) and the company was renamed Mobi 063. It was purchased by Telenor on July 31, 2006 for €1.513 billion. The Norwegian company outbid such industry heavyweights as TeliaSonera, France Télécom, Deutsche Telekom, Mobilkom Austria, Orascom Telecom and Tele2.

In January 2010, Telenor Serbia acquired a landline operating...
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