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Serbian government extends bid deadline for national telco

SerbiaPosted by Chambers of Commerce Sweden - Southeast Europe Thu, April 14, 2011 23:13:09

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’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. Read more in the article by Telecoms.com here.

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