# Telekom's purchase of Kopernikus and media outlets

Category: Money and deals  
Period: from Oct 2018  
Outcome: Under investigation (as of 19 Dec 2025)  

In 2018, state-owned Telekom Srbija bought the cable operator Kopernikus for around €195 million, and a month later its co-owner Srđan Milovanović, the brother of the SNS commissioner for Niš, bought the TV channels Prva and O2 for €180 million. Telekom spent around €310 million on cable operators, and its debt rose from €396 million to €1.152 billion between 2017 and 2019. Since the end of 2025, Telekom has owned more than 30 media outlets, among them Kurir, and the Prosecutor's Office for Organised Crime is investigating a recording of a conversation about the removal of United Media's director.

## The Kopernikus purchase

On 1 November 2018, Telekom Srbija, a company in which the state holds 58.11% of the shares, bought the cable operator Kopernikus Technology for about €195 million. The sellers were two Cypriot firms: one owned by the Polish fund Abris (51%), the other owned by Srđan Milovanović (49%), twin brother of SNS commissioner for Niš Zvezdan Milovanović.

A month later, Srđan Milovanović bought the media package of Greece's Antenna Group for €180 million, including the television channels Prva and O2.

## Price, subscribers and debt

According to RATEL data for the second quarter of 2018, Kopernikus had around 51,000 cable TV subscribers, while Telekom said it had bought an operator with 200,000 subscribers. Telekom claimed it had paid a market price, less than €1,000 per subscriber, and that it had not bought any TV channel and had no plans to do so.

By early 2019, Telekom had also bought Radijus vektor and AVcom, spending around €310 million in total on cable operators. According to data from the Business Registers Agency, its debt grew from €396 million (2017) to €1.152 billion (2019).

## Criminal complaint and audit

In August 2020, opposition MP Miroslav Aleksić filed a criminal complaint with the Prosecutor's Office for Organised Crime against members of Telekom's Supervisory Board and the state auditor; no public record has been found of the prosecutors acting on it. In 2019, the State Audit Institution said it could not yet assess the effects of the acquisitions.

## Recording on the removal of United Media's director

In August 2025, OCCRP and KRIK published a recording of a conversation between Telekom CEO Vladimir Lučić and the CEO of United Group, in which Lučić says the president had asked for the dismissal of United Media CEO Aleksandra Subotić. United Group confirmed the recording was authentic, and Subotić was dismissed in February 2026.

The Prosecutor's Office for Organised Crime has been investigating the content of the conversation since December 2025, while the Higher Public Prosecutor's Office in Belgrade demanded the recording from KRIK under threat of a fine. In November 2026, the Prosecutor's Office for Organised Crime confirmed that several criminal complaints had been filed against Lučić and executives of United Group, Alpac Capital and Adria News Network, and that they had been assigned to a prosecutor; the complainant also cites that recording in them.

## Telekom as a media owner

Telekom je potom ušao i u vlasništvo medija: posle izmena medijskih zakona iz 2023, od 31. decembra 2025. vlasnik je 80 odsto firme Mondo INC, izdavača Kurira, i više od 30 medija, među kojima su Euronews Srbija i 24 televizije Arena Channels Group. Cenu Kurira nije objavio, a preostalih 20 odsto Monda navodno je preuzeo u septembru 2026.

Navodno je 2025. za sopstvene medije i preuzimanje TV firmi izdvojio 906 miliona €, a Arena Channels Group imala je te godine gubitak od 114,5 miliona €. Navodno su otkaze dobili neki od 80 zaposlenih Euronews Srbija koji su se 2025. ogradili od rukovodstva; Telekom kaže da se ne meša. Posle izbora 2026. Studentska lista zatražila je ostavku direktora Telekoma Vladimira Lučića.

## N1, Nova S and a new owner

Amid a dispute with United Group, Telekom's platforms stopped carrying N1 and Nova S in 2020 and 2025. Adria News Network, which now runs those channels, announced in November 2026 that they would be available through Telekom and Yettel.

Staff at TV Nova S, the Nova.rs portal, the Nova newspaper and the weekly Radar then publicly called on the owner, the Alpac Capital fund, to present a plan for these outlets. They described its conduct, together with attempts to change editorial policy and announcements that some outlets would be shut down and staff laid off, as pressure, and said they did not want the Nova brand broken up to make closures easier.

## Multiplex unlocked ahead of the election

Ahead of the 2026 parliamentary elections, Telekom allegedly unlocked the MUX3 terrestrial multiplex, which it had leased for its paid Antena plus service, making around thirty channels, among them Informer TV and Kurir TV, available free of charge through an ordinary antenna. Telekom's director Vladimir Lučić called it a six-month promotion, but did not explain why N1, Nova S and Insajder TV were not part of it.

Informer and Kurir had earlier handed back some of their terrestrial licences because of high fees. Lučić and Sava Savić, acting director of Emisiona tehnika i veze, allegedly used this to get around the tender and the fees set by REM. When 16 associations called on REM to open proceedings, Telekom allegedly showed Informer to its cable subscribers in Prijepolje for a day in place of TV Forum's programming.

## Participants

- [Serbian Progressive Party](https://odgovornost.rs/en/organizacije/sns): Its commissioner for Niš is the brother of a co-owner of Kopernikus; an agency close to the party had a contract with the firm (commented on the case)
- [Telekom Srbija a.d.](https://odgovornost.rs/en/organizacije/telekom-srbija): In a few months it spent about €310 million on cable operators, and by buying Kurir it became the owner of more than 30 media outlets (responsible)
- [Predrag Ćulibrk](https://odgovornost.rs/en/osobe/predrag-culibrk): He said the purchase of Kopernikus was strategic and had been politicised, and that the borrowing for investments was well timed (commented on the case)
- [Vladimir Lučić](https://odgovornost.rs/en/osobe/vladimir-lucic): On the recording he tells the United Group CEO that the president wants Aleksandra Subotić, the head of United Media, removed (responsible)
- [Srđan Milovanović](https://odgovornost.rs/en/osobe/srdjan-milovanovic): Brother of SNS's Niš commissioner got €95.55 million from state-owned Telekom for 49 percent of Kopernikus, and a month later bought Prva and O2 (responsible)
- [Zvezdan Milovanović](https://odgovornost.rs/en/osobe/zvezdan-milovanovic): He founded Kopernikus with his twin brother Srđan in 1998; he is the SNS commissioner for Niš (commented on the case)
- [Kopernikus Technology d.o.o.](https://odgovornost.rs/en/organizacije/kopernikus-technology): It was sold to Telekom for around €195 million; according to RATEL, it had around 59 thousand internet subscribers and 51 thousand cable subscribers (commented on the case)
- [Abris Capital Partners (investment fund)](https://odgovornost.rs/en/organizacije/abris): As the majority owner of Kopernikus, it decided on the sale to Telekom and received €99.45 million from it (commented on the case)
- [Radijus vektor d.o.o.](https://odgovornost.rs/en/organizacije/radijus-vektor): It was sold to Telekom for about €108 million; according to MP Aleksić, its capital was worth €4.5 million (commented on the case)
- [Rasim Ljajić](https://odgovornost.rs/en/osobe/rasim-ljajic): He said the investment in Kopernikus would pay for itself within five years (commented on the case)
- [Aleksandar Vučić](https://odgovornost.rs/en/osobe/aleksandar-vucic): According to what Lučić says in the recording, he demanded the removal of Aleksandra Subotić, the head of United Media (responsible)
- [Ana Brnabić](https://odgovornost.rs/en/osobe/ana-brnabic): She said the Government has no say over Telekom's business (commented on the case)
- [Vladan Vukosavljević](https://odgovornost.rs/en/osobe/vladan-vukosavljevic): Responding to NUNS's call, he said that, as far as he knew, the purchase of Prva and O2 was in line with the law (commented on the case)
- [Draško Marković](https://odgovornost.rs/en/osobe/drasko-markovic): He broke up Marinika Tepić's press conference outside the Telekom building and took her microphone away (responsible)
- [Igor Žeželj](https://odgovornost.rs/en/osobe/igor-zezelj): According to Marinika Tepić, his companies' balance sheets show a €10 million advance from Telekom before he registered the purchase of Kurir (responsible)
- [Mondo INC d.o.o. (publisher of Kurir)](https://odgovornost.rs/en/organizacije/mondo-inc): It is the publisher of Kurir, in which Telekom invested with a buyout right; since the end of 2025 Telekom has held 80 percent of the company (commented on the case)
- [Government of the Republic of Serbia](https://odgovornost.rs/en/organizacije/vlada-srbije): According to Transparency Serbia, as Telekom's majority owner it has not met the Media Strategy's obligation for the state to withdraw from media ownership (responsible)
- [National Assembly of the Republic of Serbia](https://odgovornost.rs/en/organizacije/narodna-skupstina): In October 2023 it passed laws allowing the state telecoms operator to own media outlets, some ten days after Telekom's deadline for Mondo expired (responsible)
- [Commission for the Protection of Competition](https://odgovornost.rs/en/organizacije/komisija-za-zastitu-konkurencije): It cleared the purchase of Kopernikus in a summary procedure, as well as the takeover of Kurir's publisher (oversight and the public)
- [RATEL (Regulatory Agency for Electronic Communications and Postal Services)](https://odgovornost.rs/en/organizacije/ratel): For the second quarter of 2018 it reported about 51 thousand cable subscribers, while Telekom announced 200 thousand (oversight and the public)
- [Commission for State Aid Control](https://odgovornost.rs/en/organizacije/komisija-za-kontrolu-drzavne-pomoci): The purchase of Kopernikus was not notified to it as possible state aid (oversight and the public)
- [State Audit Institution](https://odgovornost.rs/en/organizacije/dri): It said it could not assess the effects of the acquisitions before three years had passed, and would consider an audit of media investments for 2027 (oversight and the public)
- [Duško Pejović](https://odgovornost.rs/en/osobe/dusko-pejovic): According to Aleksić, his criminal complaint names him as suspected of approving an unlawful purchase that caused damage to Telekom (responsible)
- [Miroslav Aleksić](https://odgovornost.rs/en/osobe/miroslav-aleksic): He claimed Kopernikus's capital was worth €10 million and filed a criminal complaint with the prosecution (oversight and the public)
- [Marinika Tepić](https://odgovornost.rs/en/osobe/marinika-tepic): She claimed Telekom had paid an advance of €10 million, after which Žeželj registered the purchase of Kurir (oversight and the public)
- [Public Prosecutor's Office for Organised Crime](https://odgovornost.rs/en/organizacije/jtok): It is investigating the recording of Lučić and Miler; according to Aleksić, it did not act on the complaint about the acquisitions (investigation and courts)
- [Higher Public Prosecutor's Office in Belgrade, Special Department for Combating Corruption](https://odgovornost.rs/en/organizacije/vjt-beograd): Acting on a complaint by United Group, it demanded the recording from KRIK under threat of a fine; KRIK says the aim is to uncover its sources (responsible)
- [United Group (SBB and United Media)](https://odgovornost.rs/en/organizacije/united-group): Owner of SBB and United Media (N1, Nova S); United Media's channels were removed from Telekom's platforms (harmed)
- [Minacord Media (K1 television)](https://odgovornost.rs/en/organizacije/minacord-media): Allegedly obtained bank loans by pledging its contracts with Telekom for the distribution of K1 (commented on the case)
- [Manja Grčić](https://odgovornost.rs/en/osobe/manja-grcic): She is a co-owner of Minacord Media, which allegedly secured loans with its contracts with state-owned Telekom (commented on the case)
- [Bogdan Gecić](https://odgovornost.rs/en/osobe/bogdan-gecic): In a letter, he demanded that United Media's editors stop writing about his law firm and remove 38 articles, threatening lawsuits (responsible)
- [Adria News Network (ANN)](https://odgovornost.rs/en/organizacije/adria-news-network): Runs the N1 and Nova S channels and has announced that they will again be carried by Telekom Srbija, which dropped them in 2025 (commented on the case)
- [Alpac Capital (Alpac Fund Capital)](https://odgovornost.rs/en/organizacije/alpac-capital): According to a statement from TV Nova S, its representatives took part in the violent interruption of the channel's programming on election day, 25 October 2026 (responsible)
- [TV Nova S](https://odgovornost.rs/en/organizacije/tv-nova-s): Asked the authorities to investigate Alpac Fond Capital's business and the deal for Telekom to carry N1 and Nova S (oversight and the public)
- [Sava Savić](https://odgovornost.rs/en/osobe/sava-savic): As acting director of Emisiona tehnika i veze, allegedly carried Telekom's unlocked channel package before the elections, bypassing the licences issued by REM (responsible)
- [Student List – Students Are Winning](https://odgovornost.rs/en/organizacije/studentska-lista): After winning the 2026 elections, it called for the resignation of Telekom director Vladimir Lučić and an end to what it describes as unjustified spending of citizens' money (oversight and the public)

## Sources

- [Vreme: A pair of TV stations and nothing but unknowns](<https://vreme.com/vreme/dve-televizije-i-sve-same-nepoznanice/>): 12 Dec 2018
- [N1: "Tačka": The Kopernikus purchase and suspicions that Telekom's moves are political](<https://n1info.rs/vesti/a606519-Emisija-Tacka-o-Telekomu-i-kupovini-Kopernikusa/>): 4 Jun 2020
- [Radio Slobodna Evropa: Telekom Srbija: The 'golden goose' among public enterprises](<https://www.slobodnaevropa.org/a/30787994.html>): 17 Aug 2020
- [Južne vesti: Brother of Niš SNS commissioner sold “Kopernikus” to “Telekom”](<https://www.juznevesti.com/ekonomija/brat-poverenika-niskog-sns-kopernikus-prodao-telekomu/>): Nov 2018
- [Danas: Telekom spent €310 million buying cable operators](<https://www.danas.rs/ekonomija/telekom-potrosio-310-miliona-evra-na-kupovinu-kablovskih-operatera/>): 15 Jan 2019
- [Politika: "Telekom Srbija": We bought "Kopernikus" at market terms and prices](<https://www.politika.rs/sr/clanak/415093/telekom-srbija-kupili-smo-kopernikus-po-trzisnim-uslovima-i-cenama>): 6 Nov 2018
- [RTS: Telekom Srbija: We did not buy TV Kopernikus, we acquired an operator](<https://www.rts.rs/lat/vesti/drustvo/3314164/telekom-srbija-nismo-kupili-tv-kopernikus-vec-akvizirali-operatora.html>): 7 Nov 2018
- [N1: NUNS and some NGOs: Purchase of TV Prva and O2 is intriguing, we demand a swift investigation](<https://n1info.rs/vesti/a441926-NUNS-i-pojedine-NVO-Kupovina-TV-Prva-i-O2-intrigantna-trazimo-brzu-istragu/>): 6 Dec 2018
- [N1: DJB submits proposal for a committee of inquiry into the Kopernikus purchase](<https://n1info.rs/vesti/a435786-DJB-podneo-predlog-o-anketnom-odboru-za-kupovinu-Kopernikusa/>): 14 Nov 2018
- [N1: No assessment of whether Telekom's Kopernikus purchase pays off, only the debts are visible](<https://n1info.rs/biznis/a606707-Nema-procene-isplativosti-Telekomove-kupovine-Kopernikusa/>): 4 Jun 2020
- [Cenzolovka: No assessment of whether Telekom's Kopernikus purchase pays off, only the debts are visible](<https://www.cenzolovka.rs/trziste/nema-procene-isplativosti-telekomove-kupovine-kopernikusa-vidljiva-samo-dugovanja/>): 5 Jun 2020
- [N1: Aleksić: How Telekom bought companies at 19 times their real value](<https://n1info.rs/vesti/a564510-Aleksic-Kako-je-Telekom-kupio-preduzeca-19-puta-skuplja-od-realne-vrednosti/>): 28 Jan 2020
- [Danas: Aleksić: Telekom's investments probably the biggest robbery in Serbia's history](<https://www.danas.rs/vesti/politika/aleksic-investiranje-telekoma-verovatno-najveca-pljacka-u-istoriji-srbije/>): Aug 2020
- [N1: UOS: Telekom, the government and the auditor must answer questions, workers must speak up](<https://n1info.rs/vesti/a653313-UOS-Telekom-vlada-i-revizor-da-odgovore-na-pitanja-o-spornim-akvizicijama/>): 24 Sep 2020
- [Beta: Aleksić files reports with the Organised Crime Prosecutor's Office on PKB, Telekom, Krušik](<https://naslovi.net/rd/32245096>): 16 Dec 2022
- [N1: Tepić: Žeželj bought Kurir with Telekom's money](<https://n1info.rs/biznis/a631303-Tepic-Zezelj-kupio-Kurir-novcem-Telekoma/>): 19 Aug 2020
- [Nova.rs: Telekom Srbija to Nova.rs: It is not true that we are selling Kurir](<https://nova.rs/vesti/biznis/telekom-srbija-za-novars-nije-tacno-da-prodajemo-kurir/>): 5 Aug 2026
- [Raskrikavanje: Serbian competition authority approves Telekom's takeover of Kurir](<https://raskrikavanje.rs/srpska-antimonopolska-komisija-odobrila-telekomu-preuzimanje-kurira/>): 26 Sep 2025
- [Vreme: The state's buying frenzy: all the media Telekom owns](<https://vreme.com/drustvo/drzavna-mahnita-kupovina-koje-sve-medije-poseduje-telekom/>): Jan 2026
- [Biznis.rs: Telekom Srbija buys Kurir](<https://biznis.rs/vesti/srbija/telekom-srbija-kupio-kurir/>): 13 Jan 2026
- [N1: Kurir in Telekom's hands: State operator becomes majority owner of Mondo INC](<https://n1info.rs/biznis/kurir-u-rukama-telekoma-drzavni-operator-postao-vecinski-vlasnik-mondo-inc/>): 12 Jan 2026
- [N1: Danas: Telekom hides how much it paid for Kurir](<https://n1info.rs/biznis/danas-telekom-krije-koliko-je-platio-kupovinu-kurira/>): 27 Jan 2026
- [N1: Controlling the media space and expanding influence: Telekom owns 30 media outlets in Serbia](<https://n1info.rs/vesti/kontrola-medijskog-prostora-jacanje-uticaja-telekom-vlasnik-30-medija-u-srbiji/>): 13 Jan 2026
- [N1: BIRODI: State Audit Institution should consider a performance audit of Telekom's media investments](<https://n1info.rs/biznis/birodi-dri-da-razmotri-reviziju-svrsishodnosti-ulaganja-telekoma-u-medije/>): 5 Feb 2026
- [Biznis.rs: Telekom Srbija takes over UNA television](<https://biznis.rs/vesti/srbija/telekom-srbija-preuzima-televiziju-una/>): 27 Aug 2026
- [Nova.rs: Telekom Srbija buys seven cable operators, takes them all over in a single day](<https://nova.rs/vesti/biznis/telekom-srbija-kupio-sedam-kablovskih-operatera/>): 26 May 2026
- [N1: Spor oko N1 je „ekonomski kriminalistički triler“, navodi se u izveštaju Fondacije](<https://n1info.rs/english/news/a568764-Dispute-over-N1-is-economic-crime-thriller-Foundation-report-says/>): 12 Feb 2020
- [N1: Serbian President again misleads the public in answering a question about the sale of SBB](<https://n1info.rs/vesti/predsednik-srbije-u-odgovoru-na-pitanje-o-prodaji-sbb-ponovo-obmanjuje-javnost/>): 16 Apr 2025
- [Dojče vele: An economic crime thriller on Serbia's TV market](<https://www.dw.com/sr/ekonomski-krimi-triler-na-tv-tr%C5%BEi%C5%A1tu-srbije/a-52332265>): 11 Feb 2020
- [N1: Lučić keeps up pressure campaign: Demands dismissals at United Media while personally cutting off N1 and Nova](<https://n1info.rs/vesti/vladimir-lucic-telekom-pritisak-united-media/>): 24 Dec 2025
- [N1: Telekom's lawyers are part of every move by United Group's new management: Vučić will not stop trying to shut down UM media](<https://n1info.rs/vesti/telekomovi-advokati-neizostavni-deo-svakog-poteza-nove-uprave-united-grupe-vucic-ne-staje-u-nameri-da-ugasi-um-medije/>): 23 Sep 2025
- [N1: Recording of a conversation between the heads of Telekom and UG: I can't fire Aleksandra today, I have to make the company in Serbia very small](<https://n1info.rs/vesti/snimak-razgovora-direktora-telekoma-i-ug-ne-mogu-da-otpustim-aleksandru-danas-moram-da-kompaniju-u-srbiji-ucinim-veoma-malom/>): 28 Aug 2025
- [N1: Direktor Telekoma Srbija nastavlja pritisak: traži smene u United Mediji, lično uklonio N1 i Novu](<https://n1info.rs/english/news/telekom-serbia-ceo-keeps-up-pressure-calls-for-dismissals-at-um-personally-removed-n1-nova/>): 24 Dec 2025
- [N1: OCCRP: Audio recording confirms evidence that UG executives discussed removing Subotić](<https://n1info.rs/vesti/occrp-audio-snimak-potvrdjuje-dokaze-da-su-direktori-ug-razgovarali-o-smeni-subotic/>): 29 Aug 2025
- [N1: Two months after the Lučić-Miler recording was released: criminal complaint for influence peddling filed with the Organised Crime Prosecutor's Office, but the case remains unresolved](<https://n1info.rs/vesti/dva-meseca-od-objave-snimka-lucic-miler-krivicna-prijava-za-trgovinu-uticajem-podneta-tok-u-ali-slucaj-nema-epilog/>): 24 Oct 2025
- [N1: Prosecutor's Office for Organised Crime investigating conversation between Lučić and Miler](<https://n1info.rs/vesti/tok-vodi-istragu-o-razgovoru-lucica-i-milera/>): 19 Dec 2025
- [Danas: Organised Crime Prosecutor's Office investigating conversation between Lučić and Miler](<https://www.danas.rs/vesti/drustvo/tok-vodi-istragu-o-razgovoru-lucica-i-milera/>): 19 Dec 2025
- [N1: Higher Public Prosecutor's Office threatens KRIK with a fine if it does not hand over the recording of the Lučić-Miler conversation](<https://n1info.rs/vesti/vjt-preti-krik-u-novcanom-kaznom-ako-ne-preda-snimak-razgovora-lucica-i-milera/>): 1 Nov 2025
- [N1: Raskrikavanje: Aleksandra Subotić dismissed as CEO of United Media](<https://n1info.rs/vesti/otpustena-aleksandra-subotic/>): 21 Feb 2026
- [Vreme: Raskrikavanje: United Media CEO Aleksandra Subotić dismissed](<https://vreme.com/vesti/raskrinkavanje-otpustena-direktorka-united-media-aleksandra-subotic/>): Feb 2026
- [Nova.rs: Avžner files criminal complaint against Lučić, Vargas David, Sadler and Miler: Plan to weaken independent media reported to Organised Crime Prosecutor's Office](<https://nova.rs/vesti/drustvo/avzner-podneo-krivicnu-prijavu-protiv-lucica-vargasa-davida-sadlera-i-milera-jtok-u-prijavljen-plan-za-slabljenje-nezavisnih-medija/>): 30 Oct 2026
- [Nova.rs: Organised crime prosecutors to Nova.rs: Several criminal complaints filed against Lučić, Miler, Pedro Vargas and Sadler. Assigned to the acting organised crime prosecutor](<https://nova.rs/vesti/hronika/jtok-za-novars-podneto-vise-krivicnih-prijava-protiv-lucica-milera-vargasa-davida-i-sadlera-dodeljene-u-rad-postupajucem-tuziocu-za-organizovani-kriminal/>): 6 Nov 2026
- [Nova.rs: Vladimir Štimac: It's not some Portuguese behind the shutdown of the newspaper Nova, but Telekom and Vladimir Lučić. Mastermind of the operation: Siniša Mali](<https://nova.rs/vesti/politika/vladimir-stimac-iza-gasenja-novina-nova-ne-stoje-nikakvi-portugalci-vec-telekom-i-vladimir-lucic-mozak-operacije-sinisa-mali/>): 30 Oct 2026
- [N1: Profile of Manja Grčić, candidate for RTS director: Close ties to the authorities](<https://n1info.rs/vesti/profil-manje-grcic-kandidata-za-direktora-rts-a-bliska-veza-sa-vlastima/>): 22 Jan 2026
- [N1: Telekom is a "financial tailwind" for many media outlets in Serbia](<https://n1info.rs/vesti/telekom-je-finansijski-vetar-u-ledja-mnogim-medijima-u-srbiji/>): 24 Jun 2023
- [N1: Igor Božić: Telekom's lawyer threatened an N1 journalist with dismissal after she approached Miller](<https://n1info.rs/vesti/igor-bozic-advokat-telekoma-je-pretio-novinarki-n1-otkazom-nakon-sto-je-prisla-mileru/>): 28 Aug 2025
- [Nova.rs: The Gecić law firm's clients: Telekom, the steelworks, EPS and other state bodies, and now a favourite at United Group](<https://nova.rs/vesti/biznis/poslovi-advokatske-kancelarije-gecic/>): 9 Jan 2026
- [N1: Law firm sends legal threats to N1, Nova and Danas over reporting on ties between Telekom and United Group](<https://n1info.rs/vesti/advokatska-kancelarija-uputila-pravne-pretnje-n1-novoj-i-danasu-zbog-izvestavanja-o-vezama-telekoma-i-united-group/>): 14 Jan 2026
- [Nova.rs: The Gecić firm threatens to sue Nova.rs, N1 and Danas](<https://nova.rs/vesti/drustvo/advokatska-kancelarija-gecic-preti-nova-rs-n1-i-danasu-tuzbom-zbog-izvestavanja-o-vezama-sa-drzavom-i-sukobu-interesa/>): 14 Jan 2026
- [Nova.rs: Council of Europe responds to threats against Nova.rs, N1 and Danas](<https://nova.rs/vesti/drustvo/savet-evrope-reagovao-zbog-pretnji-novars-n1-i-danas/>): 28 Jan 2026
- [Vreme: ANN announces investment in N1 and TV Nova S, keeps Danas and Radar, makes no mention of the Nova newspaper](<https://vreme.com/vesti/ann-najavljuje-ulaganja-u-n1-i-tv-nova-s-zadrzava-danas-i-radar-ne-pominje-novine-nova/>): 4 Nov 2026
- [Nova.rs: TV Nova asks the authorities to examine Alpac's business and the deal with Telekom on carrying Nova and N1](<https://nova.rs/vesti/drustvo/tv-nova-trazi-od-nadleznih-da-ispitaju-poslovanje-alpaka-i-dogovor-sa-telekomom-o-emitovanju-nove-i-n1/>): 4 Nov 2026
- [Nova.rs: How a state-media coup on Serbia's broadcasting system was carried out: before the elections, Telekom “unlocked” a digital package so that regime TV channels could be watched for free](<https://nova.rs/vesti/drustvo/kako-je-izvrsen-drzavno-medijski-udar-na-radiodifuzni-sistem-srbije-telekom-pred-izbore-otkljucao-digitalni-paket-da-bi-se-besplatno-gledale-rezimske-televizije/>): 6 Nov 2026
- [Nova.rs: Statement by employees of TV Nova S, Nova.rs, the Nova newspaper and Radar: They want to break up the Nova brand so they can shut us down more easily – we will not allow it](<https://nova.rs/vesti/drustvo/saopstenje-zaposlenih-tv-nova-s-novars-novina-nova-i-radara-hoce-da-rasparcaju-brend-nova-kako-bi-nas-lakse-ugasili-to-necemo-dozvoliti/>): 6 Nov 2026
- [Radio Slobodna Evropa: Telekom Srbija's media network: What does it cost, and where does Informer fit into the calculation?](<https://www.slobodnaevropa.org/a/telekom-medijska-mreza-informer/33892406.html>): 6 Nov 2026
- [Danas: For years, Telekom paid TV channels solely for Vučić's propaganda](<https://www.danas.rs/vesti/ekonomija/telekom-propaganda-finansije/>): 3 Nov 2026
- [Radar: Lučić's farewell waltz](<https://radar.nova.rs/drustvo/telekom-srbija-u-fokusu-pravosudnih-organa/>): 6 Nov 2026
- [Nova.rs: Raporter uncovers the network of political ties behind Euronews: how Vučić, Orban and Telekom Srbija are connected to a European broadcaster](<https://nova.rs/vesti/svet/raporter-otkriva-mrezu-politickih-veza-iza-euronewsa-kako-su-vucic-orban-i-telekom-srbija-povezani-s-evropskom-televizijom/>): 9 Nov 2026

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Source: Odgovornost, https://odgovornost.rs/en/afere/telekom-kupovina-medija  
As of: 9 Nov 2026  
Licence: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/deed.en)