Telekom Srbija: Improvement required of Telekom Austria

Companies › Telecoms ♦ Published: March 30, 2011; 02:30 ♦ (Vindobona)

Telekom Austria, as the only bidder is required by the Serbian government to improve its bid significantly in the currently stopped selling process.

Telekom Srbija: Improvement required of Telekom Austria / Picture: © Flickr

The bid of Telekom Austria was delivered last week to the Serbian government. 51% of the shares of the telecommunications company are to be sold; Telekom Austria as the only remaining bidder offered € 800m to € 950m. This was significantly lower than the minimum bid of € 1.4bn requested by Serbia.

After a several-day consultation period, the government came to the…

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