EBRD interested in investing in Serbia's MTS

9 Jun 2016

The European Bank for Reconstruction and Development (EBRD) has reiterated its interest in investing in Serbia’s state-owned telco Telekom Srbija, which offers services under the MTS brand. Local news portal Vesti cites the EBRD’s director for Serbia, Daniel Berg, as saying that the bank is planning to invest more than EUR300 million (USD341.4 million) in Serbia, as part of a programme to channel over EUR1 billion into the western Balkans.

As previously reported by CommsUpdate, during the most recent attempt to privatise the telco, the EBRD was one of six bidders to submit an offer for the government’s majority stake. None of the bids reached the government’s minimum price of around EUR1.4 billion, however, and in December 2015 Belgrade confirmed that MTS would remain in state hands.

Serbia, Telekom Srbija (MTS)