Telekom Srbija officially takes over Mondo INC, owner of newspaper, portal and TV station Kurir

Telekom Srbija entered the New Year 2026 with another company under its roof, and thus several media outlets too - on the last day of 2025, the state-owned telecom operator finally took over Mondo INC, owned by Igor Zezelj's WMG Media. This is a company that is the publisher of the daily newspaper Kurir, as well as the portal Kurir and the TV station of the same name.

Mondo INC, a company registered for the distribution of cinematographic works, audio-visual works and television programs, has been in majority ownership of Telekom Srbija since December 31, 2025. According to data published in the Register of Business Enterprises of the Serbian Chamber of Commerce, Telekom owns 80% of Mondo INC, while the previous owner, Igor Zezelj's WMG Media, retained a 20% stake.

Mondo INC is registered in the SBRA Media Register as the publisher of the daily newspaper Kurir, the portal Kurir.rs, Kurir Television, the newspapers Doktor Kurir and Kurir Stars, the portals Espreso and Yumama, as well as the magazines "Elle", "Glossy", "Lepa i Srecna", "Sensa".

By taking over ownership of Mondo INC, Telekom practically became the owner of its daughter company Firefly Productions, which has ten employees, but also business revenues of almost six million euros. This company is registered for the production of cinematographic works, audio-visual products and television programs.

According to data from the register, Telekom Srbija is registered as the owner of an 80% stake in Mondo INC, with a cash contribution of 1.76 billion dinars and a non-cash contribution of 1.49 billion dinars. Zezelj's company WMG Media owns a 20% stake, with a cash contribution of 439.9 million dinars and a non-cash contribution of 373 million dinars.

That Telekom Srbija plans to acquire Mondo INC has been known for a long time, and was publicly confirmed in September 2024 when the North Macedonian Competition Protection Commission announced that the Serbian telecom operator had officially notified it of this.

N1 reminds that, in October 2018, Telekom Srbija concluded an agreement with Wireless Media (then the 100% owner of Mondo), to invest EUR 37.9 million in the development and creation of the integrated digital media Mondo. This agreement stipulated that the state-owned telecom operator would have the right to purchase its ownership stake in Mondo Inc, which publishes the daily newspaper Kurir, after five years. In the meantime, in October 2023, amended media laws were adopted, which allow the state-owned telecom operator to be the owner of the media. These regulations were adopted ten days after the expiration of the five-year period under the aforementioned agreement.

Then, Mondo was transferred from Wireless Media to the ownership of WMG Media (within Igor Zezelj's Wireless Media Group - WMG), and the original parent company (Wireless Media) changed its name and is no longer part of Zezelj's group (under the same registration number, the company is now called Smart Ventures d.o.o. and is owned by a natural person, not affiliated with WMG).

Mondo INC has 510 employees

In 2024, the company generated operating revenues of EUR 34.7 million (an increase of 7% compared to the year before)

EBITDA (earnings before interest, taxes, depreciation and amortization) was EUR 4.9 million (also recording an annual growth of 15%)

Net profit was EUR 1.1 million (an annual growth of 35%)