Serbian Telecommunications Market Is PPF’s Latest Target

Czech Conglomerate’s Inseparable Marriage of Business and Politics

1 February 2021

Albin Sybera

Visegrad Insight Fellow

Subsidiaries part of the PPF investment group pursue access or shares in telecommunication networks in Central and Eastern Europe, often by aligning with government interests.

In Serbia, the business and investment conglomerate PPF has a strategy of aligning its business with government interests, which gives PPF’s telecommunications company Telenor political and business advantages.

The Serbian opposition has called on PPF founder and Czech billionaire Petr Kellner to withdraw from activities that give pro-government Telekom Serbia an upper hand on the market and violate EU norms.

Editor’s pick: Czech Business Empire with an Unsavoury Political Tinge

Telekom Serbia is managed by the representatives of the Serbian ruling party SNS and also has a market presence in Bosnia and Herzegovina, Kosovo and Montenegro. The latest reports of the state-owned company forging a business partnership with PPF’s Telenor telecommunication network exemplifies PPF’s long-term strategy approach in many ways.

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Albin Sybera

Visegrad Insight Fellow

Visegrad Insight Fellow. Albin is a freelance journalist, consultant and a former clerk at the State Environmental Fund of the Czech Republic. Besides Visegrad Insight, his texts can be also found at Britske listy or Balkan Insight.

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