"Sale of Telekom possible, but not to patch holes"

Telekom Srbija Financial Director Milenko Dželetović did not exclude on Thursday the possibility that the state-owned telecom company could be sold.

Izvor: Tanjug

Thursday, 10.10.2013.

17:03

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BELGRADE Telekom Srbija Financial Director Milenko Dzeletovic did not exclude on Thursday the possibility that the state-owned telecom company could be sold. This could happen "if the money from the sale would be invested in development projects, and not to patch holes in the budget," he said. "Sale of Telekom possible, but not to patch holes" Dzeletovic added that there was "always someone interested in buying Telekom." "It is not exactly unimportant who it gets sold to, if it is put on sale, because we have to review the buyer's development program, potential and employment capacity," Dzeletovic, who is also coordinator of the Economic Council of the ruling Serb Progressive Party (SNS), told Tanjug. "Telekom is the engine of Serbia's economy when it comes to cooperation with small, medium and some large companies," he noted. "Telekom is a large company that has endured an unsuccessful privatization and is exposed to fierce competition from telecommunications providers," Dzeletovic was quoted as saying. (file) Tanjug

"Sale of Telekom possible, but not to patch holes"

Dželetović added that there was "always someone interested in buying Telekom."

"It is not exactly unimportant who it gets sold to, if it is put on sale, because we have to review the buyer's development program, potential and employment capacity," Dželetović, who is also coordinator of the Economic Council of the ruling Serb Progressive Party (SNS), told Tanjug.

"Telekom is the engine of Serbia's economy when it comes to cooperation with small, medium and some large companies," he noted.

"Telekom is a large company that has endured an unsuccessful privatization and is exposed to fierce competition from telecommunications providers," Dželetović was quoted as saying.

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