Telecommunications operators in Montenegro invested €80.87 million in the development of electronic communication networks and services last year, according to the Agency for Electronic Communications and Postal Services (EKIP). This represents a 5.99% increase compared to 2022, when investments totaled €76.3 million.
“Such a high level of investment contributes to the further expansion of high-quality, modern electronic communication services across the entire territory of Montenegro,” EKIP stated in a press release.
Electronic communications, as explained, fall under infrastructure-related economic sectors, and investments in telecommunications and information infrastructure are one of the main drivers of economic progress. “Frequent changes and technological innovations in the electronic communications market necessitate continuous investment in research and development, infrastructure expansion, and the introduction of new technologies and services. Electronic communications operators in Montenegro are aware of this and are significantly committed to investments,” EKIP said.
Increased investments in electronic communications also have a highly positive impact on efficiency in other sectors, ultimately stimulating overall economic growth.
EKIP announced that further investments by electronic communications operators are expected, with the trend of high investment levels in the sector set to continue. “Operators in the electronic communications sector in Montenegro plan to invest around €63 million this year, over €53 million next year, and approximately €49 million in 2027,” EKIP specified.
Representatives of the regulator noted that the past decade has seen a trend of significant investments in the development of electronic communication networks and services. “Over the past ten years, electronic communications operators in Montenegro have invested more than €775 million. The trend of high investment levels has been particularly evident since 2016, which was a record year in terms of investments,” EKIP added.
EKIP concluded that the multi-year trend of high investments in the electronic communications sector confirms the existence of a stable and predictable legal and regulatory framework in Montenegro, which has created equal conditions for all market participants.
