President rules out Telekom sale

28 Nov 2018

Serbian President Aleksandar Vucic has ruled out a sale of state-backed Telekom Srbija, saying that the company is ‘totally safe’ in the short and medium-term periods, and no minority share packages would be sold off, Novosti reports. The comments follow a statement made by the government’s trade and telecommunications minister a month ago, in which the official said that a decision on Telekom Srbija – which operates under the MTS brand in its domestic market – had not been made and that privatisation was still an option. Mr Vucic has now clarified that that is not the case, however, and no sale would take place for the foreseeable future, adding that Telekom is expanding and should continue to fight for its market share.

Serbia, Telekom Srbija (MTS)