New Bid for Telekom Srbija

CompaniesTelecoms ♦ Published: May 4, 2011; 14:50 ♦ (Vindobona)

The Telekom Austria Group Submits a Revised Conditional Bid of up to € 1.1 Bn for the Acquisition of a 51% Stake in Telekom Srbija

New Bid for Telekom Srbija / Picture: ©

The Telekom Austria Group announced it has submitted a revised conditional bid for the acquisition of a 51% stake in Telekom Srbija a.d. - the incumbent operator of the Republic of Serbia – for a maximum net present value of the equity value of up to € 1.1 bn in the tender process conducted by the Serbian Ministry of Finance.

On 21 March 2011, an initial conditional offer…