Telekom Srbija to go back under the hammer

15 Dec 2014

Belgrade is expected to announce a tender for the privatisation of state-owned telco Telekom Srbija before the end of the year, Broadband TV News writes, citing a government report via Beta.rs. The government will select an advisor to assess the value of the state’s 78.1% stake in the operator and the valuation will have to be approved by government before going ahead with the sale. In a previous attempt to sell the telco in 2010, the government had valued the provider at EUR2.2 billion (USD2.74 billion) and sought a minimum price of EUR1.4 billion. As noted by TeleGeography’s GlobalComms Database, Telekom Austria was the only bidder to submit an offer but its bid of EUR950 million was rejected, as was a follow-up offer of EUR1.1 billion.

Serbia, A1 Telekom Austria Group, Telekom Srbija (MTS)