Telekom Srbjia

Serbian government extends bid deadline for national telco

The Serbian government has given the sole bidder in its Telekom Srbjia sell-off 15 days to improve its offer. A fortnight ago, it emerged that Telekom Austria AG’s offer of €800-950m for the mostly-state-owned telco was the only bid received. The Serbian government, which owns 80 per cent of the telco, was hoping to attract offers in excess of €1.4bn for a 51 per cent stake in the company.

Telekom Srbjia sale may be cancelled due to lack of interest

The sale of Telekom Srbjia looks set to be cancelled following the likely rejection of the lone bid for a 51 per cent stake in the company. The Serbian government, which owns 80 per cent of the telco, was hoping to raise €1.4bn from the sale; under those circumstances, it seems unlikely that the lone bid of €950m for a 51 per cent stake from Telekom Austria will be accepted.

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