Director of "Telekom": purchase of the strategic decision "Copernicus" economy



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November 13, 2018 14:15 |

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Predrag Ćulibrk, director of "Telekom Srbija", told RTS that the purchase of "Copernicus Technologies" was a strategic decision of the company, as it is the second cable operator in Serbia in terms of size

Predrag Ćulibrk, director of Telekom Srbija, told RTS that the purchase of "Copernicus Technologies" was a strategic decision of the company, as it is the second largest cable operator in Serbia. He claims that the charges against Telekom's account compete with competing companies.

On a visit to RTS Dnevnik Predrag Ülibrk said that "Telekom Srbija" bought "Copernicus" from the Polish investment fund "Abris" and that it was the second largest operator on the Serbian market.

Ülibrk emphasizes that it was a strategic purchase. Responding to Ratel's assertions that "Copernicus" has 51,000 users, and not four times as much as Telecom says, Üreibrk says it's an outdated data.

"We have received more than 200,000 users – 145,000 television users and 60,000 internet users, and Ratel has outdated data," claims Telekom. "Copernicus" has services in more than 60 cities in Serbia on its own infrastructure and reaches nearly 300,000 households, Culibrk said.

READ FOR – "Telekom Srbija" merged "Copernicus"

He claims that the costs on Telekom's account were made by competing companies. According to him, the allegations that appeared in the media in recent days were an attempt to stop Telekom in realizing its goals.

"We are astonished that this problem has been politicized, we have seen it as a zero-summed attack on Telekom," adds Culibrk.

Ülibrk is convinced that it is clear who would be interested – "those players whose development of Telekom does not respond". "SBB has a market share of 55%, since the co-owner of that company, Dragan Šolak, has established a strong company, while Telekom stagnated all these years," he says.

TELEKOM REPRODUCED ITS BUSINESS STRATEGY

Speaking of the "Copernicus" price of 195 million euros, Ülibrk says that cable operators have not been on the market since yesterday.

"The aggressive development of the operator has started since 2000, and its infrastructure is often built on the public resources of Telekom, Elektroprivreda Srbije, public utilities," explains Üulibrk, adding that empires came from it.

When asked about the sale of Telekom, Ülibrk remarks that this is not a topic now. The task of management is to maintain and increase the value of the company. When it was privatized in 2015, there were many interested customers who recognized the main risk for cable operators because they threaten Telekom's market position, Culibrk added.

The CEO of Telekom is of the opinion that because of this risk the expected price has not been reached. According to this unsuccessful privatization, Telekom has redefined its strategy and set two goals: the development of its own optical infrastructure and the acquisition of cable operators.

He points out that there is no dilemma that by buying "Copernicus" the value of the company will increase, adding that everything paid at the market price of about one thousand euros per user.

(RTS)


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