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Telekom Austria Refrains from an Acquisition of Telekom Srbija

Published: June 16, 2011; 15:57 · (Vindobona)

For the time being, the Austrian telecommunications group has no intention to pursue a deal with the Serbian government after negotiations had failed in May.

Telekom Austria Refrains from an Acquisition of Telekom Srbija / Picture: © Telekom Austria Group

“There is no news in this matter. I assume that there won’t be any changes in the situation before the elections next year” stated CEO Hannes Ametsreiter. As the last potential buyer running for an acquisition, Telekom Austria Group offered up to € 1.1bn for Telekom Srbija. The Serbian government, however, did not want to sell the company for a price lower than € 1.4bn,…

This article includes a total of 203 words.

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