Govt receives eight bids for Telekom Srbija

13 Aug 2015

The Serbian government has received non-binding bids from eight companies that meet the conditions to participate in the sale of the state’s 58.11% stake in fixed line incumbent Telekom Srbija, Tanjug writes, citing Minister of Trade and Telecommunications Rasim Ljajic. The government commission handling the sale will now decide on a shortlist of companies to proceed to the next stage of the auction, with the possibility that all eight could be allowed to compete for the stake. The shortlist is expected to be finalised by Monday.

As previously reported by CommsUpdate, the following 14 firms had reportedly expressed an interest in bidding for the operator, although some may have pulled out of the race or were not eligible to participate in the sale: 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.

Serbia, Telekom Srbija (MTS)