Lowest price for Telekom still unknown

There are no ongoing negotiations at this time concerning the announced sale of the state's majority stake in Telekom Srbija.

Izvor: Veèernje novosti

Tuesday, 26.10.2010.

12:52

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There are no ongoing negotiations at this time concerning the announced sale of the state's majority stake in Telekom Srbija. This is according to Telecommunications Minister Jasna Matic, who told Belgrade-based daily Vecernje Novosti that the lowest price for the 51 percent stake in Serbia's telecommunications company that will go on sale "will be determined very soon". Lowest price for Telekom still unknown According to Matic, the money from the privatization - with the possible figure mentioned thus far being some EUR 1.4bn - should go to a "special coffer". From that point on, the minister assured, citizens would find it easier to ascertain whether the money was spent as planned - and the plans announced by the government involve investments in infrastructure. The tender that was recently published said that the government would sell its 51 percent in Telekom, but Matic explained that should the Greek OTE, which own 20 percent of the company, decide to sell their share, then the government would only sell 31 percent of the shares it currently holds. The prime minister is conducting negotiations on this point with the Greeks, it was also revealed, and the talks have been ongoing for several months. Matic also noted that the government will hold on to its "golden share" in the company. At this point, the minister said that those interested in the future acquisition include Deutsche Telekom, France Telecom, Telekom Austria, and Egypt's Orascom Telecom. All potential buyers, Matic said, are exerting pressure to have the expected price go reduced, but she reassured the public that the government was "maintaining the price". Jasna Matic (FoNet, file)

Lowest price for Telekom still unknown

According to Matić, the money from the privatization - with the possible figure mentioned thus far being some EUR 1.4bn - should go to a "special coffer".

From that point on, the minister assured, citizens would find it easier to ascertain whether the money was spent as planned - and the plans announced by the government involve investments in infrastructure.

The tender that was recently published said that the government would sell its 51 percent in Telekom, but Matić explained that should the Greek OTE, which own 20 percent of the company, decide to sell their share, then the government would only sell 31 percent of the shares it currently holds.

The prime minister is conducting negotiations on this point with the Greeks, it was also revealed, and the talks have been ongoing for several months.

Matić also noted that the government will hold on to its "golden share" in the company.

At this point, the minister said that those interested in the future acquisition include Deutsche Telekom, France Telecom, Telekom Austria, and Egypt's Orascom Telecom.

All potential buyers, Matić said, are exerting pressure to have the expected price go reduced, but she reassured the public that the government was "maintaining the price".

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