Telecommunications companies in Montenegro ranked by revenue 2020. This 2020 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2020, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12019: rank 2 | Mtel Technology · Podgorica | 02655284Income statement (PDF) | 75,067,327€ | -4.6% | 381 | 23.6% |
| 22019: rank 1 | Crnogorski Telekom Technology · Podgorica | 02289377Income statement (PDF) | 74,302,518€ | -8.0% | 501 | 23.4% |
| 32019: rank 3 | One Crna Gora Technology · Podgorica | 02242974Income statement (PDF) | 45,758,713€ | -15.9% | 264 | 14.4% |
| 42019: rank 4 | Telemach Crna Gora Technology · Podgorica | 02811618Income statement (PDF) | 13,913,211€ | -6.0% | 131 | 4.4% |
| 52019: rank 5 | Ericsson Ab Štokholm Technology · Podgorica | 03014649Income statement (PDF) | 8,080,425€ | +4.0% | 94 | 2.5% |
| 62019: rank 6 | Radio - Difuzni Centar Technology · Podgorica | 02394294Income statement (PDF) | 5,572,620€ | +2.2% | 107 | 1.8% |
| 72019: rank 7 | Wireless Montenegro Technology · Podgorica | 02863812Income statement (PDF) | 2,457,672€ | -19.4% | 16 | 0.8% |
| 82019: rank 8 | Network Communication Technology · Tivat | 02390663Income statement (PDF) | 2,351,422€ | +35.5% | 28 | 0.7% |
| 92019: rank 9 | Bujošević Technology · Podgorica | 02441411Income statement (PDF) | 1,413,302€ | +6.9% | 8 | 0.4% |
| 102019: rank 10 | E - Mon Technology · Podgorica | 02420414Income statement (PDF) | 1,013,305€ | +2.2% | 6 | 0.3% |
| 112019: rank 11 | Satvision Technology · Podgorica | 03040313Income statement (PDF) | 778,189€ | +8.0% | 13 | 0.2% |
| 122019: rank 12 | Orion Telekom Technology · Podgorica | 02768674Income statement (PDF) | 612,794€ | +8.1% | 11 | 0.2% |
| 132019: rank 14 | Siol Technology · Podgorica | 02848155Income statement (PDF) | 505,316€ | +4.8% | 1 | 0.2% |
| 142019: rank 16 | Sat-Trakt Technology · Podgorica | 02443686Income statement (PDF) | 444,809€ | +22.1% | 11 | 0.1% |
| 152019: rank 17 | Eng Trade Technology · Tuzi | 03057941Income statement (PDF) | 404,338€ | +28.1% | 15 | 0.1% |
| 162019: rank 15 | Telegroup Technology · Podgorica | 03073203Income statement (PDF) | 292,154€ | -25.8% | 9 | 0.1% |
| 172019: rank 13 | Sysdevel Technology · Podgorica | 03058654Income statement (PDF) | 266,570€ | -52.4% | 2 | 0.1% |
| 182019: rank 19 | Ipmont Technology · Podgorica | 02792265Income statement (PDF) | 226,739€ | +3.8% | 1 | 0.1% |
| 192019: rank 18 | 3G Proxy Technology · Podgorica | 03132609Income statement (PDF) | 226,109€ | -26.3% | 4 | 0.1% |
| 202019: rank 29 | Boka - Trans Technology · Podgorica | 02930102Income statement (PDF) | 161,276€ | +61.4% | 2 | 0.1% |
| 212019: rank 24 | Satellite Broadband Service Network Montenegro Technology · Podgorica | 02771454Income statement (PDF) | 154,202€ | +2.4% | 3 | 0.0% |
| 222019: rank 26 | Asp Co Technology · Herceg Novi | 02904683Income statement (PDF) | 126,055€ | -5.7% | 4 | 0.0% |
| 232019: rank 21 | BT Montenegro Technology · Podgorica | 02662035Income statement (PDF) | 124,547€ | -25.5% | 1 | 0.0% |
| 242019: rank 32 | Cpa Technology · Podgorica | 02837714Income statement (PDF) | 121,294€ | +36.5% | 1 | 0.0% |
| 252019: rank 43 | L-Nets Technology · Podgorica | 03258009Income statement (PDF) | 107,607€ | +295.2% | 2 | 0.0% |
| 262019: rank 20 | Wimax Montenegro Technology · Podgorica | 02749092Income statement (PDF) | 107,128€ | -39.0% | 1 | 0.0% |
| 272019: rank 25 | MDS Network Technology · Tuzi | 03080277Income statement (PDF) | 95,329€ | -30.2% | 3 | 0.0% |
| 282019: rank 23 | Najtel Technology · Podgorica | 02346494Income statement (PDF) | 90,688€ | -40.2% | 7 | 0.0% |
| 292019: rank 28 | Comtel Technology · Podgorica | 02316536Income statement (PDF) | 87,476€ | -19.7% | 3 | 0.0% |
| 302019: rank 27 | Lona Trade Technology · Ulcinj | 02752646Income statement (PDF) | 79,035€ | -35.0% | 2 | 0.0% |
| 312019: rank 35 | GVD Mont Technology · Pljevlja | 02628147Income statement (PDF) | 66,180€ | +0.3% | 2 | 0.0% |
| 322019: rank 31 | Hemera Tech Technology · Podgorica | 02699052Income statement (PDF) | 65,692€ | -28.1% | 3 | 0.0% |
| 332019: rank 22 | NK-Projekt Montenegro Technology · Nikšić | 03086950Income statement (PDF) | 53,316€ | -65.1% | 3 | 0.0% |
| 342019: rank 30 | Telemon Technology · Podgorica | 02918315Income statement (PDF) | 51,938€ | -45.7% | 1 | 0.0% |
| 352019: rank 39 | Tele Go Technology · Podgorica | 03127427Income statement (PDF) | 46,524€ | +4.3% | 1 | 0.0% |
| 362019: rank 49 | Ruskaja Rech Technology · Herceg Novi | 03258505Income statement (PDF) | 46,140€ | +325.9% | 2 | 0.0% |
| 372019: rank 38 | Soficom Technology · Rožaje | 02779978Income statement (PDF) | 40,859€ | -14.9% | 3 | 0.0% |
| 382019: rank 54 | Netmont Technology · Bar | 03157601Income statement (PDF) | 38,202€ | +961.2% | 3 | 0.0% |
| 392019: rank 40 | Novatech Technology · Podgorica | 03161803Income statement (PDF) | 38,160€ | +29.6% | 3 | 0.0% |
| 402019: rank 37 | Omega Elektronik Technology · Podgorica | 02640562Income statement (PDF) | 36,735€ | -27.2% | 1 | 0.0% |
| 412019: rank 33 | M Connect Technology · Podgorica | 03198561Income statement (PDF) | 30,572€ | -65.5% | 1 | 0.0% |
| 422019: rank 51 | Connect Mne Technology · Berane | 03257681Income statement (PDF) | 29,508€ | +317.7% | 1 | 0.0% |
| 43No filing for 2019. | Digital Brain Technology · Danilovgrad | 03315061Income statement (PDF) | 24,173€ | No filing for 2019. | 1 | 0.0% |
| 442019: rank 34 | Margo MN Nikšić Technology · Nikšić | 03162427Income statement (PDF) | 21,685€ | -75.2% | 1 | 0.0% |
| 452019: rank 57 | Simes Net Technology · Podgorica | 03264289Income statement (PDF) | 15,596€ | +2,263.0% | 1 | 0.0% |
| 462019: rank 48 | Mtech Technology · Podgorica | 02990164Income statement (PDF) | 11,032€ | -1.2% | 1 | 0.0% |
| 472019: rank 45 | Batel Technology · Podgorica | 02337355Income statement (PDF) | 10,837€ | -33.9% | 1 | 0.0% |
| 482019: rank 44 | Zire Technology · Podgorica | 02366622Income statement (PDF) | 10,052€ | -41.1% | 1 | 0.0% |
| 492019: rank 52 | Fibercom Technology · Podgorica | 03015068Income statement (PDF) | 9,274€ | +63.3% | 5 | 0.0% |
| 50No filing for 2019. | Ittara Solutions Technology · Podgorica | 03326616Income statement (PDF) | 7,708€ | No filing for 2019. | 1 | 0.0% |
Showing 1–50 · top 50 of 75 companies
This ranking contains 50 records for 2020, ordered by revenue after applying data-quality eligibility rules.
The leading record is DRUŠTVO ZA TELEKOMUNIKACIJE "MTEL" D.O.O. PODGORICA; placement is determined by revenue, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology