OTE ready to sell Telekom shares

4 Feb 2011

B92 is reporting that Greek telecoms company OTE has told the Serbian government that it is ready to sell its 20% stake in Telekom Srbija. The sale is expected to happen during the upcoming international tender of the Serbian state-owned telecoms company. The radio station reports that OTE has sent a letter to the Serbian government, confirming that it is ready to sell its shares as part of a package that will be offered to interested investors. The new investor – according to plans – will pay at least EUR1.4 billion (USD1.9 billion) for a 51% stake in the company, with 31% coming from the government, and 20% from OTE. The deadline for submitting bids has been set for 21 March.

Serbia, Cosmote, Telekom Srbija (MTS)