Working group to decide on Telekom bid

The working group of the Finance Ministry is to deliver to the government on Tuesday the proposal on whether the bid of Telekom Austria should be accepted.

Izvor: Tanjug

Monday, 28.03.2011.

09:28

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The working group of the Finance Ministry is to deliver to the government on Tuesday the proposal on whether the bid of Telekom Austria should be accepted. The working group is in charge of the tender for the sale of 51 percent of shares of Telekom Srbija. Working group to decide on Telekom bid The Austrian company was the only one to submit a bid of EUR 950mn for the capital of Telekom Srbija and EUR 450mn for investments in the next three years. On October 20, 2010, the Serbian government invited an international tender for the sale of 51 percent of shares of Telekom Srbija, Serbia's national telecommunications company, and the deadline for submitting binding bids expired on March 21, 2011, and set the minimum price at EUR 1.4bn.

Working group to decide on Telekom bid

The Austrian company was the only one to submit a bid of EUR 950mn for the capital of Telekom Srbija and EUR 450mn for investments in the next three years.

On October 20, 2010, the Serbian government invited an international tender for the sale of 51 percent of shares of Telekom Srbija, Serbia's national telecommunications company, and the deadline for submitting binding bids expired on March 21, 2011, and set the minimum price at EUR 1.4bn.

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