Commentary
International Relations
Trump is Back. What Does It Mean for the Western Balkans?
14 November 2024
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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