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Sale Process of Telekom Srbija to be Cancelled

Published: March 28, 2011; 00:00 · (Vindobona)

According to Serbian newspapers, the sale of the Serbian telecommunication company to Telekom Austria has failed.

Sale Process of Telekom Srbija to be Cancelled / Picture: © Flickr

The official statement of the Serbian government regarding the sale decision will be published on Monday. A working group has to evaluate the offical bid of Telekom Austria, which has been submitted this week.

The Serbian government intended to sell a 51% stake on Telekom Serbia, the minimum price was set at € 1.4bn. At the end of the bid process, Telekom Austria has been the…

This article includes a total of 195 words.

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