Mtel North Macedonia (m:tel), which is part of the Telekom Srbija (MTS) group, is planning to invest EUR50 million (US$52.7 million) in the expansion of its operations in North Macedonia over the next two years, according to Telekom Srbija CEO Vladimir Lucic.
The company started operating in the country in mid-November 2021 and is currently providing satellite TV services to around 16,000 users; it has invested around EUR4 million in its operations.
Source: https://www.commsupdate.com/articles/2023/03/09/mtel-to-invest-eur50-million-in-north-macedonia/