Telekom Srbija plans US expansion after Trump's victory

Telekom Srbija plans US expansion after Trump's victory
CEO Vladimir Lucic believes Donald Trump's re-election could benefit both the Serbian economy and Telekom Srbija. / Telekom Srbija
By Tatyana Kekic in Belgrade November 12, 2024

Telekom Srbija, the state-controlled telecommunications company, is set to expand its services to the US market, CEO Vladimir Lucic told Serbian media on November 12.

In an interview with Newsmax Balkans, Lucic emphasised the opportunity for closer ties with the United States following Donald Trump’s election victory. Serbian President Aleksandar Vucic was among the first European leaders to congratulate Trump and held a friendly phone conversation with the president elect on November 10.   

Lucic believes that Vucic’s close relations with Trump could benefit both the Serbian economy and Telekom Srbija. "I am sure that this will help Telekom Srbija," Lucic said, emphasising the company's goal of reaching the Serbian community in the US through its telecommunications services.

In addition to expanding into the American market, Lucic revealed that Telekom Srbija plans to explore strategic partnerships with major digital companies, including Amazon. "Let's try to establish strategic partnerships with digital companies such as Amazon, in order to sell their services here and work with them in content production," he told Newsmax Balkans.

Telekom Srbija has previously been a pioneer in the region, becoming the first company to enter the European stock market. Lucic pointed out that a significant portion of the financial firms purchasing Telekom Srbija's bonds were based in the US, underlining the company's international reach and future expansion prospects.

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