Serbia to sell 30% in Telekom Srbija to DT, source says

8 Mar 2010

The Serbian government intends to sell 30% plus one share in its fixed line operator Telekom Srbija for EUR1 billion (USD1.36 billion) to Deutsche Telekom according to local weekly Nedeljne Informativne Novine (NIN), which cites unnamed sources. The Serbian government, which owns 80% in Telekom Srbija, made its decision following discussions with Deutsche Telekom, which holds already a 20% stake in the Serbian group via Greece’s OTE. NIN said that a preliminary agreement for the deal was confirmed during the visit of Serbia’s president Boris Tadic in Berlin last week.

Serbia, Deutsche Telekom (DT), Telekom Srbija (MTS)