Strategic partner more ‘realistic’ option for Telekom Srbija

29 Jul 2013

Chairman of the Telekom Srbija Supervisory Board, politician Milan Bozic told Serbian reporters that he believes that finding a strategic partner for the telco is preferable to selling it, news portal In Serbia writes. Bozic said that the company, which he claims is worth around EUR2 billion (USD2.66 billion), needs a capital boost and should seek a partnership with a major company to that end, giving Spain’s Telefonica as an example of a potential partner. The politician stressed that the government should keep its controlling stake in the operator, pointing to its recent success. According to Bozic, the telco’s revenues for the first half of 2013 were five times larger than in the corresponding period of 2012; however, as the telco does not produce interim or quarterly reports, TeleGeography was unable to verify this claim.

Serbia, Telekom Srbija (MTS)