Serbia's Vip Mobile plans 27 mln euro in network spend in 2015

The investment spending will target expanding the coverage of the 3G network and making preparations for the introduction of 4G services, the company said in a statement.

Vip Mobile, which had a subscriber base of 2.06 million at the end of September, will deploy over 450 base stations next year while modernising equipment at over 800 locations across the country.

Vip Mobile invested 23 million euro in network upgrade in 2014, modernising its 2G and 3G networks at over 550 locations in 21 towns and cities. The company set up this year over 350 new 2G and 3G base stations along the main roads and in smaller towns across the country.

Vip Mobile has so far invested 827 million euro in its operations in Serbia.

In Serbia, a market of around 7.2 million, Vip Mobile competes on the mobile services segment with state-owned MTS and the local arm of Norway's Telenor.

($=0.8021 euro)