Rothschild retained to advise on Mobtel sale

10 Apr 2006

Rothschild et cie has been retained by the Serbian government to advise on the planned sale of wireless operator Mobtel. According to a report carried by Reuters Rothschild submitted the lowest bid, beating UBS, Merrill Lynch and Goldman Sachs. Mobtel, which is currently being run by Telekom Srbija, will be sold as a package of operator’s assets and a new operating licence, with 82% of the proceeds going to the state and the remainder to a group of Austrian investors. The government has set the minimum price at EUR800 million.

Serbia, Telenor Serbia