The Serbian government reportedly hopes to raise at least €2.3bn (US$3bn) from the sale of incumbent Telekom Srbija next year.
Bloomberg cited Serbia’s NIN magazine, which itself quoted an unidentified government official, as saying leaders of the…
The Serbian government reportedly hopes to raise at least €2.3bn (US$3bn) from the sale of incumbent Telekom Srbija next year.
Bloomberg cited Serbia’s NIN magazine, which itself quoted an unidentified government official, as saying leaders of the three main parties, which form the coalition government, have agreed to sell the state-owned company via tender in 2013.
Preparations may reportedly begin this autumn, delaying the telco’s planned listing on the stock exchange.
The government abandoned plans to sell a 51% stake in Telekom Srbija in May last year as Telekom Austria’s €1.1bn offer fell short of the minimum €1.4bn it wanted to raise.
In December last year, the government agreed to pay €380m to buy back a 20% stake in Telekom Srbjia from Greek incumbent OTE, thereby regaining control of the company.
It was suggested at the time that the government hoped the acquisition would make it easier to advance long-delayed plans to find a new investor for the company.
Currently, the government owns 78.11% of the operator while the balance is held by employees and Serbian citizens.
The Serbian government and Telekom Srbija were not immediately available for comment.
