Senior advisor pushes reforms for Telekom Srbija sale

17 Sep 2013

Sinisa Mali, an economic and financial adviser to first deputy prime minister Aleksandar Vucic, has called for the government to bump the privatisation of Telekom Srbija to the top of its agenda, saying that the current ownership structure prevents the telco from competing effectively, Balkans Business News writes. Mali noted that with rival firms receiving backing from the likes of Telenor and Telekom Austria, Telekom Srbija would struggle in the long run, as the Serbian government does not have the funds to invest enough to keep pace with competitors. On the sale of the telco, Mali added: ‘We must urgently change Labor Law and the Planning and Construction, which are the key trouble spots for the arrival of new investors… We need an institution through which we will provide current liquidity and refinancing of the existing obligations which are the biggest problem of the majority of Serbian companies. It is the only chance for Serbian companies to revive.’

Serbia, Mobile Telephony of Serbia (MTS), Telekom Srbija (MTS)