Telekom Srbija AD, Serbia’s state- controlled phone company, said it agreed to pay 380 million euros ($495.74 million) to buy back a 20 percent stake from Greece’s Hellenic Telecommunications Organization SA.
Telekom Srbija and Hellenic Telecommunications Organization SA, or OTE, signed an agreement today in Athens for the Greek company to sell a 20 percent stake in the Serb national fixed-line and mobile-service provider back to Telekom Srbija.
The Serbian government approved plans to sell a 51 percent stake in the national telephone company Telekom Srbija AD in a tender by the first quarter of next year, the prime minister’s office said today.
The Serbian government ’s sale of a majority stake in Telekom Srbija AD , the state telephone company, attracted four potential bidders who bought the documents before the tender closes, the Finance Ministry said.
Telekom Austria AG hasn’t submitted a new bid for Telekom Srbija AD, the Austrian company and the Serbian government said today, refuting a media report the two sides negotiated a price for a smaller than expected stake.