The four largest telecom companies in Montenegro, Telemach, Telenor, Mtel and Montenegrin Telecom, have published business results for 2019. Total revenue was € 229 million, with an average revenue per employee of € 196,000, according to aggregate business data.

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Company Employees
2018		 Employees
2019
TELEMACH 120 125
TELENOR 199 205
MTEL 308 325
MONTENEGRIN TELECOM 548 516
Total: 1175 1171

 

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Company Revenue 2018 Revenue 2019
TELEMACH 14.501.774 14.800.022
TELENOR 59.694.490 54.386.233
MTEL 71.048.552 78.727.774
MONTENEGRIN TELECOM 85.074.524 80.728.418
Total:     230.319.340,00 €   228.642.447,00 €

 

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Company Profit 2018 Profit 2019 Trend
TELEMACH -1.075.004 -1.083.825 -0,82%
TELENOR 10.880.843 10.269.498 -5,62%
MTEL 6.719.360 8.502.492 26,54%
MONTENEGRIN TELECOM 7.265.647 4.292.336 -40,92%
Total:       23.790.846,00 €     21.980.501,00 € -7,61%

 

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