In 2009, Vip generated EUR 143.3m business loss in Serbia, increasing it 64 percent compared to 2008.

The loss before tax and interest includes also one-time cost of impairment in the licenses for mobile telecommunication worth EUR 62 million, which is a result of the economic crisis.

Vip mobile invested EUR 72.1 million in Serbia during 2009. Overall, Vip is the biggest Greenfield investor in Serbia, having invested EUR 584.3 million in the country so far, including EUR