Greeks ready to sell Telekom shares
The Greek OTE company has informed the Serbian government that it was ready to sell its 20 percent stake in Telekom Srbija.
Thursday, 03.02.2011.
11:58
The Greek OTE company has informed the Serbian government that it was ready to sell its 20 percent stake in Telekom Srbija. This would happen during the forthcoming tender to sell the Serbian state-owned telecommunications company, it has been confirmed for B92. Greeks ready to sell Telekom shares OTE sent a letter to the Serbian government, which said that the company was ready to sell its shares as part of a package that will be offered to interested investors. A new Telekom owner would - according to plans - pay at least EUR 1.4bn for a 51 percent stake in the company, 31 percent of which is currently held by the government, while 20 percent belongs to OTE. In this way, the state would earn EUR 840m, while the Greeks would get EUR 560mn. The deadline for submitting bids in the Telekom sale is March 21. Russia's Vimpelkom has in the meantime announced that it will likely not bid in the tender. (FoNet, file)
Greeks ready to sell Telekom shares
OTE sent a letter to the Serbian government, which said that the company was ready to sell its shares as part of a package that will be offered to interested investors.A new Telekom owner would - according to plans - pay at least EUR 1.4bn for a 51 percent stake in the company, 31 percent of which is currently held by the government, while 20 percent belongs to OTE.
In this way, the state would earn EUR 840m, while the Greeks would get EUR 560mn.
The deadline for submitting bids in the Telekom sale is March 21.
Russia's Vimpelkom has in the meantime announced that it will likely not bid in the tender.
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