State could launch IPO of Telekom Srbija shares by end-2014

21 Nov 2013

Serbia’s Ministry of Finance is considering floating the government’s shares in Telekom Srbija on the Belgrade Stock Exchange, Telecompaper writes, citing local news portal Beta. Aleksandar Stevanovic , an adviser to the economic minister, was quoted as saying: ‘If we need to privatize Telekom Srbija, maybe this should be done through an IPO [initial public offering], which would help the domestic financial market.’ The official added that if the government approves the move, an IPO could be launched by the end of 2014. According to TeleGeography’s GlobalComms Database the Serbian republic owns a 58.11% stake in the fixed line incumbent.

Serbia, Telekom Srbija (MTS)