Telekom Srbija has made a public call for bids to advise on its planned privatisation.
The adviser will be required to provide management consultancy services, helping to determine the best model for privatisation, the Serbian incumbent said in a…
Telekom Srbija has made a public call for bids to advise on its planned privatisation.
The adviser will be required to provide management consultancy services, helping to determine the best model for privatisation, the Serbian incumbent said in a statement.
The deadline for bids is 6 March and they will be opened the same day.
An adviser will be selected within 25 days.
The Serbian government has a 58.11% direct stake in Telekom Srbija while the company’s management has a 20% holding. Additional shareholders include Serbian citizens, and current and former employees.
Local media have reported that the government would aim to raise about €2bn from the sale of the entire company.
Last month, an Al Jazeera report referencing unidentified sources said the Belgrade-based telco has already attracted interest from Germany’s Deutsche Telekom, France’s Orange, Telekom Austria, investment funds from the US and the European Bank for Reconstruction and Development (EBRD).
Telekom Srbija is the largest of Serbia’s three mobile network operators, followed by the local units of Telenor and Telekom Austria, and is also the leading fixed-line operator. It provides telephone and internet services in Serbia, Bosnia and Herzegovina and Montenegro. Its cable TV channel Arena Sport airs in the same countries as well as Croatia and Macedonia.
