British investors may make a bid for Telekom

28 Nov 2014

The President of the British-Serbian Chamber of Commerce Paul Dzadze has told Serbian news outlet Tanjug that British experts are keen to act as consultants regarding the sale of state-owned telco Telekom Srbija, but did not rule out the possibility of British investors making a bid for the operator. UK-based Vodafone, which operates in neighbouring Albania, Romania and Hungary was suggested as a good fit for the telco. Dzadze also noted that the nation’s efforts to privatise around 500 state-owned companies and the recent crackdown on corruption have received a positive reception overseas. Serbia has long sought to sell off Telekom Srbija, but has encountered a number of issues, not least of which has been a shortage of interest in the operator. Despite its determination to dispose of the company, the government has been resolute that it will only sell when the price is right, refusing to drop the asking price for a quick sale. The nation’s reputation for corruption and the difficulty of doing business in Serbia have long been major barriers to investment and the current administration is keen to rectify the problems to court foreign investors.

Serbia, Telekom Srbija (MTS), Vodafone Group