We will make Telekom Serbia a profitable company that can become the carrier of the development of the entire country, said today the coordinator for internet and multimedia in that company, Vladimir Lucic.
From the company Telekom Serbia, we will make a profitable company that can become the carrier of the development of the entire country, said today the coordinator for internet and multimedia in that company, Vladimir Lucic.
He, as a guest on the show Focus on B92, said that “as soon as that company bothers the competition, it means that it is getting stronger”.
“We will optimize investments and costs and create a strong company that can become the carrier of the development of the entire country,” Lucic said.
He added that in the middle of 2018, Telekom lagged behind the competition, the United Group, which had 1.4 million users, and Telekom 600,000, but that in two years it doubled the television users and approached the United Group and will overtake it.
When asked whether the decision on the sale of that company has now been postponed, Lucic answered that it is up to the management to make a strong company, and the owner will decide on the sale.
He said that the main goal is for Telekom to be “number one in all types of services, mobile and fixed telephony, Internet and others, as well as to be the basis for the development of digital services that it will export.”
Lucic said that the attacks of the competition, including the United group and the Croatian media and operators, are “strengthening them and that Telekom will not deviate from the path it knows to be correct.”
According to him, Telekom is not over-indebted, it made an “excellent” arrangement with the banks, and in the middle of 2019, the United Group was more indebted.
He said that they did not subscribe to the cable operators Copernicus and Radius Vector from three to five times as they are accused because the estimates three years ago were that Copernicus was worth 100 million euros.
“Telecom bought cable operators at a favorable price, and no one made an in-depth analysis of how much revenue it will bring us,” Lucic said.
He pointed out that Telekom’s debt is not worrying because, in addition to buying cable operators, it also built an optical cable network, modernized the mobile network through which it provides four services, and also invests in television content.
He said that Telekom does not plan additional borrowing and that it will therefore switch to a better way of financing projects, by issuing corporate bonds worth 200 million euros, and will use part of that money to refinance old debts.
Telekom, as he said, plans to expand its services not only in the countries of Europe where the diaspora lives, but also in Canada and America.
When asked why Telekom is being attacked by the Croatian media, Lucic said that the reason is that the company has never been stronger on the Croatian and Slovenian markets with the Arena Sport television channel.
“No cable operator in Croatia and Slovenia will be able to sell services without the Arena Sport channel, which will increase revenues and enable the sale of other television content such as series,” Lucic said, Danas reports.
