 On 1 December 2006, the mobilkom Austria group became the owner of the third mobile telephone license in Serbia for GSM 900/1800 and UMTS networks, through a payment of €320 million.The license was legally transferred to Vip mobile.Considering the great potential of the Serbian telecommunications market, the mobilkom Austria group has planned to invest up to €570 million in its first four years of operations, including the €320 million it spent on acquiring its operating license in Serbia in 2006.