BMI View: The Montenegrin telecoms market is saturated and there are few opportunities left for newentrants and existing players alike, leading to a declining subscriber base from 2017 onwards. Mediareports claim that energy utility company Elektroprivreda Crne Gore (EPCG) has expressed interest inacquiring a stake in m:tel. A closer relationship between m:tel and EPCG would be mutually beneficial,enabling both companies to develop broader and more diverse connected service strategies. IncumbentCrnogorski Telekom's success in building a converged services product sets a template for alternativeoperators, but there are none with the resources, scale or ambition to follow through.
Latest Updates & Industry Developments
On a net basis, the mobile market gained 3.3mn subscriptions y-o-y in 2016. However, quarterly gainsand losses were more extreme, reflecting the closed and saturated nature of the market. 3G/4G adoptioncontinues, albeit in a muted fashion due to limited consumer spending power. There will be 879,0003G/4G subscriptions by 2021, 84.3% of the market.