Serbia: Intense Resistance to Possible Sale to Telekom Austria

Companies › Telecoms ♦ Published: April 6, 2011; 07:40 ♦ (Vindobona)

Tempers run high In the sale process of selling the majority government owned Telekom Srbija. The union puts pressure on the Serbian government.

Serbia: Intense Resistance to Possible Sale to Telekom Austria / Picture: © Telekom Austria Group

Telekom Austria is the only bidder in the process of selling 51% of Telekom Srbija.  The offer of the group can still be improved until 12 April, as has been demanded by the Serbian government. But it is still debated whether this will in fact happen. In the first round the bid of Telekom Austria was for up to € 950m.

The minimum price of € 1.4bn demanded by Serbia is…

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M & A, Telekom Srbija, Telekom Austria, Serbia, Telecommunications Industry
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