Telekom Srbija reportedly offered highest bid for Telekom Albania

5 Oct 2018

Serbian state-owned operator Telekom Srbija submitted an offer of EUR61 million (USD70.1 million) for Telkom Albania, Belgrade-based daily Danas reports, without naming its source. According to the outlet Telekom Srbija is competing with a trio of other firms for Albania’s second-largest cellco by subscribers, with bids also submitted by the Turkish parent of Albanian full-service provider ALBTelecom, the Albanian Telecom Investment Fund – backed by Bulgaria’s Vivacom – and an unnamed Greek investor. The publication conflicts with earlier reports that listed the Czech Republic’s PPF Group as an interested party and made no mention of either ALBtelecom or the unnamed Greek bidder.

Danas goes on to state that the Greek offer had been ‘high’ but financing for the transaction had not been provided, whilst Vivacom had entered the lowest bid. ALBtelecom’s submission, meanwhile, was unlikely to be approved by anti-trust authorities, the paper notes: according to TeleGeography’s GlobalComms Database, ALBtelecom had a mobile market share of around 15.6% in June 2018 whilst Telekom served 36.5% of subscribers, giving the combined entity a market share of more than 50% and reducing the number of competitors in the wireless space to just two.

Albania, ALBtelecom, Telekom Albania, Telekom Srbija (MTS), Vivacom (BTC)