Purchase of Telecom RS agreement on Friday
Telecom Serbia to sign purchase agreement of Republika Srpska Telecom on Friday in Banja Luka by
Thursday, 18.01.2007.
11:12
Purchase of Telecom RS agreement on Friday
Nedeljko Čubrilović, Minister of Transport and Communication of the Republika Srpska, announced that Vladimir Mačkić, head of the Republika Srpska Directorate for Privatization, would sign the agreement on behalf of Republika Srpska Telecom, and Telecom Serbia’s head Draško Petrović will sign on behalf of the Serbian company. Serbian Prime Minister Vojislav Koštunica may make an appearance as well, as was announced earlier.Republika Srpska Directorate for Privatization representatives said that the agreement is mostly finished, though some technical details remain to be defined by Friday.
Telecom Serbia shall deposit 646 KM for 65 percent of state-owned shares of Telekom RS within 30 days purchase authorization.
The takeover process may be postponed for several months, as the Concurrency Council of Bosnia and Herzegovina has a 30 day time limit in which to give its consent. It will then be forwarded to the BH Communications Regulatory Agency (RAK) for authorize of the purchase, which can take an additional six months.
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