Serbia to shortlist Telekom bidders

12 Aug 2015

The government commission handling the privatisation of full service provider Telekom Srbija will meet with advising company Lazard later this week to assess the non-binding offers for the telco and select which bidders will progress to the next stage of the sale. A list of bidders green-lit by the commission to proceed to the next round will be made public later this week, a statement from the Ministry of Trade, Tourism and Telecommunications (MTT) confirmed. Companies participating in the next round will have access to all of Telekom Srbija’s documents before they make their binding offers, Minister of Trade, Tourism and Telecommunications, Rasim Ljajic added.

Meanwhile, former economic minister and an opponent of the government’s privatisation programme, Sasa Radulovic has released a list of bidders registered to take part in the sale. According to the document, the following 14 firms submitted non-binding offers for the telco: Abu Dhabi Investment Authority, Advent International, Apollo Global Management, BC Partners, Colbeck Capital Management, CVC Capital Partners, Deutsche Telekom, the European Bank for Reconstruction and Development (EBRD), Vivacom (registered as Bulgarian Telecommunications Company, BTC), Mid Europa Partners, Mobile TeleSystems (MTS), Novator Partners, Telekom Slovenije and Turkcell.