China Telecom interested in buying Telekom Srbija

China Telecom is interested in buying Serbia's state-owned telecommunications company Telekom Srbija (Serbia).

Source: Tanjug

The first meeting has been held with representatives of this Chinese company at the Serbian government, said Tatjana Matic, state secretary at the Ministry of Trade, Tourism and Telecommunications.

She told reporters in the Serbian parliament that "the interest is there, and the Chinese can purchase the tender documents."

Matic said the Chinese company was appearing as a new interested party "in this phase."

The Privatization Agency on July 3 published an open call for participation in the sale of capital of Telekom Srbija. The bids should be announced on November 16.

Recent media reports mentioned Deutsche Telekom as a potential buyer - specifically, that the Germans were attempting to enter the Serbian market via the U.S. investment fund Apollo.

Business & Economy

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