Montenegro’s Crnogorski Telekom Jan-Sept EBITDA Rise 4.6% to 23.2 Million Euro

Montenegrin mobile operator Crnogorski Telekom reported a 23.2 million euro of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in the first nine months of 2023, 4.6% more than in the same period a year earlier.

Revenues rose 6% in the reported period manly due to improved results in retail services, while the net profit increased to 5%, the company said on its website.

Crnogorski Telekom is the largest mobile operator in Montenegro.