This report covers Serbia’s telecom sector. It discusses statistical data, financial information and major news released in the period December 1, 2013 – October 1, 2014. Market-level data usually refer to 2013. In addition, figures on fixed and mobile traffic are presented for H1 2014, as well as the 2014 survey on the usage of ICTs. Revenues from telecommunication services in Serbia amounted to EUR 1.55bn in 2013, staying approximately unchanged from 2012. The revenues were equal to 4.85% of the country’s GDP. Last year, revenue growth in the fixed-line market was positive prior to including revenues from international traffic, but negative after including them. Fixed telephony declined by 12.6% y/y in H1 2014. Fixed number portability has been available since April 1, 2014. In the mobile market, revenues showed single-digit growth in 2013, after being virtually flat (in euro terms) in 2012. Mobile telephony increased by 13.8% y/y H1 2014. The solid revenue performance of both the Internet and media content distribution markets continued in 2013 as well. Key Points: • The report presents information on the fixed-line, mobile, Internet, media content distribution and broadcasting markets in Serbia. • The section on leading market players provides updated financial and other data on Telekom Srbija, Telenor Serbia and Vip mobile. • In September 2014, Telenor Group began offering mobile banking services in Serbia. In addition, its biggest local competitor, Telekom Srbija, appears to be actively pursuing entry in this market as well.